Legal systems and bank development

Ozgur Ergungor ()

Economic Commentary, 2002, issue Feb 1

Abstract: In some countries, banks are firms’ key source of financing. In others, firms look mainly to credit markets to meet their financial needs. Why should this be so? New research suggests that a country’s legal tradition strongly influences which financial system becomes dominant there.

Keywords: Banking law; Finance (search for similar items in EconPapers)
Date: 2002

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