Bank-Based or Market-Based Financial Systems: Which is Better?
dc.contributor.author | Levine, Ross | en_US |
dc.date.accessioned | 2006-08-01T15:48:47Z | |
dc.date.available | 2006-08-01T15:48:47Z | |
dc.date.issued | 2002-02-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2002-442 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39826 | en_US |
dc.description.abstract | For over a century, economists and policy makers have debated the relative merits of bank-based versus market-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful way to distinguish financial systems. This paper represents the first broad, cross-country examination of which view of financial structure is more consistent with the data. The results indicate that although overall financial development is robustly linked with economic growth, there is no support for either the bank-based or market-based view. | en_US |
dc.format.extent | 102589 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 685453 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 442 | en_US |
dc.subject | Banking and Finance, Banks, Stock Markets, Law, Economic Growth | en_US |
dc.subject.other | G0, K2, O4 | en_US |
dc.title | Bank-Based or Market-Based Financial Systems: Which is Better? | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39826/3/wp442.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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