Model of Financial Development: A cluster analysis

Dalila Nicet-Chenaf
Authors registered in the RePEc Author Service: Dalila Nicet - Chenaf ()

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: This article is a contribution to the analysis of financial development diversity in developing countries and lies within model of capitalism’s framework. By taking into account the degree of control of banking system and securities markets, our empirical analysis produces a three-group typology identifying an embryonic financial system, an intermediate financial system bank oriented and a financial system in maturity. Moreover, this typology cannot support the hypothesis of a model specific to emerging countries but a model for LDC countries and a model for developed countries.

Keywords: Financial development; growth; models of capitalism; factorial analysis; and cluster analysis. (search for similar items in EconPapers)
JEL-codes: C8 F3 O10 O16 O43 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-fdg
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Working Paper: Model of financial development: a cluster analysis (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2012-01

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