Financial Structure and Economic Growth – A Cross– Country Comparison of Banks, Markets and Development +CD (The MIT Press)

De (autor) ,
Notă GoodReads:
en Limba Engleză Carte Paperback – 07 Sep 2004
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.

The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country's political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy. The book includes a CD containing World Bank data.

Citește tot Restrânge

Din seria The MIT Press

Preț: 10602 lei

Puncte Express: 159

Preț estimativ în valută:
2139 2431$ 1916£

Carte disponibilă

Livrare economică 08-11 iulie

Preluare comenzi: 021 569.72.76


ISBN-13: 9780262541794
ISBN-10: 0262541793
Pagini: 446
Ilustrații: 33
Dimensiuni: 158 x 226 x 23 mm
Greutate: 0.62 kg
Editura: Mit Press
Seria The MIT Press