Legal Institutions and Financial Development

Thorsten Beck () and Ross Levine ()

No 10417, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development.

JEL-codes: K2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-dev, nep-his, nep-mfd and nep-reg
Date: 2004-04
Note: IFM
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Related works:
Working Paper: Legal institutions and financial development (2003)
Working Paper: Legal Institutions and Financial Development (2003)
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