CHOOSING THE RIGHT FINANCIAL SYSTEM FOR GROWTH
Well-functioning financial systems promote economic growth by channeling funds from those who save to those who invest in the productive capacity of economies. What are the main features of a well functioning system? Are well developed capital markets essential to the process? Or are commercial banks and other "private" sources of capital capable of bringing about the same levels of growth and prosperity? 2001 Morgan Stanley.
Year of publication: |
2001
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Authors: | Barth, James R. ; Nolle, Daniel E. ; Root, Hilton L. ; Yago, Glenn |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 13.2001, 4, p. 116-123
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Publisher: |
Morgan Stanley |
Saved in:
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