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This paper assesses two theories regarding the historical determinants of international differences in financial development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the rights of private investors vis-a-vis the State and...
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This paper assesses two theories regarding the historical determinants of international differences in financial development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the rights of private investors vis-a-vis the State and...
Persistent link: https://www.econbiz.de/10012469624
Persistent link: https://www.econbiz.de/10009675824
Persistent link: https://www.econbiz.de/10003814940
of capital markets and banking systems as well as the distribution of access to external finance across firms …
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