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Stock markets, banks, and economic development: Theory and evidence
Beck, Thorsten - In: EIB Papers 8 (2003) 1, pp. 37-54
reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period … economic growth, but the degree to which a financial system is market- or bank-based cannot explain economic development across …
Persistent link: https://www.econbiz.de/10010273331
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Restructuring in the banking industry with implications for Europe
Boot, Arnoud W. A. - In: EIB Papers 8 (2003) 1, pp. 109-129
Set against the background of a rapidly consolidating financial sector, this paper explores the main forces that are driving this process. Acknowledging that the search for scale and scope economies is one of them, the paper emphasises that the empirical evidence in support of such economies is...
Persistent link: https://www.econbiz.de/10010273338