Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development, vol 1

Edited by Asli Demirguc-Kunt and Ross Levine ()

in MIT Press Books from The MIT Press

Abstract: 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.

Keywords: developed countries; bank-based systems; market-based systems (search for similar items in EconPapers)
JEL-codes: G0 O11 P51 (search for similar items in EconPapers)
Date: 2004
Edition: 1
ISBN: ISBN-10:
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Citations: View citations in EconPapers (75)

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