The distinction between bank and market based economies has a long tradition in applied macroeconomics. The two types differ not only in the level of financial activity channeled through the stock market and private banking, but also in their institutional frameworks. We challenge this...

The article looks at the financial situation of non-financial corporations in Belgium over the period from 1 January to 31 December 2011. After briefly describing the methodology and the population studied, it presents an extrapolation of the main operating result items for 2011. It then goes on...