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This paper focuses on how political regimes affect financial development in Africa, contingent on religious-domination, income-levels and colonial-legacies. The main findings are summarized as follows. Authoritarian regimes have a higher propensity to effect policies that favour the development...
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This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...
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This paper aspires to provide an overview of the issue of diversity of banking and financial systems and its … and how much do banking systems and entire financial systems differ between countries and regions, and do in … questions is that there is still today a surprisingly high level of diversity in finance. This raises the two questions …
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