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: G2 K2 (search for similar items in EconPapers)
Date: 2004-04
New Economics Papers: this item is included in nep-acc, nep-dev, nep-his, nep-mfd and nep-reg
Note: IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51)

Published as Menard, Claude and Mary M. Shirley (eds.) Handbook for New Institutional Economics. Norwell MA: Kluwer Academic Publishers, 2005.

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Related works:
Chapter: Legal Institutions and Financial Development (2008)
Chapter: Legal Institutions and Financial Development (2005)
Working Paper: Legal institutions and financial development (2005)
Working Paper: Legal Institutions and Financial Development (2003)
Working Paper: Legal institutions and financial development (2003)
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