Legal origins: reconciling law and finance and comparative law

Mathias Siems

Working Papers from Centre for Business Research, University of Cambridge

Abstract: In the last few years law and finance scholars have 'discovered' the usefulness of comparative law. Their studies look at the quantifiable effect that legal rules and their enforcement have on financial development in different countries. Moreover, they link their results with the long- standing distinction between Civil Law and Common Law countries. Whether this revival of 'legal families' is a useful way forward is, however, a matter of debate. The following article challenges these studies and looks for characteristic features which are more precise and meaningful than the use of legal families as such.

Keywords: legal origins; legal families; legal traditions; numerical comparative law; law and finance; law and development; Civil Law; Common Law (search for similar items in EconPapers)
JEL-codes: K00 K20 K22 N20 N40 O10 P51 (search for similar items in EconPapers)
Date: 2006-03
New Economics Papers: this item is included in nep-law and nep-reg
Note: PRO-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp321

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