Financial system structure and economic development: structure matters

This paper investigates how the structure of a financial system-whether it is bank- or market-oriented-affects economic growth. In contrast to earlier research, which indicated that the financial system's structure is irrelevant for growth, the author finds that countries grow faster when they have a flexible judicial system and more market-oriented financial systems.

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Year of publication:	2003
Authors:	Ergungor, O. Emre
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Economic development \| Financial institutions

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0305
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729012