TY  - GEN
N2  - This is the first broad cross-country assessment of the ties between financial structure--the mix of financial instruments, institutions, and markets in a given economy--and economic growth since Raymond Goldsmith's 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on case studies of Germany, Japan, the United Kingdom, and the United States, countries with similar long-run growth rates. The absence of data on developing countries limits the usefulness of such studies for policy makers.The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country's political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy. The book includes a CD containing World Bank data.
AB  - This is the first broad cross-country assessment of the ties between financial structure--the mix of financial instruments, institutions, and markets in a given economy--and economic growth since Raymond Goldsmith's 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on case studies of Germany, Japan, the United Kingdom, and the United States, countries with similar long-run growth rates. The absence of data on developing countries limits the usefulness of such studies for policy makers.The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country's political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy. The book includes a CD containing World Bank data.
T1  - Financial structure and economic growth :a cross-country comparison of banks, markets, and development /
DA  - ©2001.
CY  - Cambridge, Mass. :
AU  - Demirgüç-Kunt, Aslı,
AU  - Levine, Ross.
CN  - HG1601
PB  - MIT Press,
PP  - Cambridge, Mass. :
PY  - ©2001.
ID  - 1385918
KW  - Banks and banking
KW  - Financial institutions
KW  - Stock exchanges
KW  - Economic development
KW  - Bancos
KW  - Estudio de casos.
KW  - Instituciones financieras
KW  - Estudio de casos.
KW  - Bolsa de valores
KW  - Estudio de casos.
KW  - Desarrollo económico
KW  - Estudio de casos.
KW  - ECONOMICS/Finance
KW  - ECONOMICS/Trade & Development
KW  - ECONOMICS/International Economics
SN  - 9780262271455
SN  - 0262271451
SN  - 0585436835
SN  - 9780585436838
TI  - Financial structure and economic growth :a cross-country comparison of banks, markets, and development /
LK  - https://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/3001.001.0001?locatt=mode:legacy
LK  - http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
UR  - https://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/3001.001.0001?locatt=mode:legacy
UR  - http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
ER  -