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Stock markets, banks, and economic development : theory and evidence
Beck, Thorsten - In: EIB papers 8 (2003) 1, pp. 37-54
This paper discusses the different functions that capital markets and banks have in economic development, and it reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period 1975-98, the paper then shows that variation in both...
Persistent link: https://www.econbiz.de/10011498528
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Stock markets, banks, and economic development : theory and evidence
Beck, Thorsten - In: EIB papers 8 (2003) 1, pp. 37-54
Persistent link: https://www.econbiz.de/10001778306
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Regulatory Reform After the Crisis: Opportunities and Pitfalls
Beck, Thorsten - C.E.P.R. Discussion Papers - 2010
The recent crisis has led to a thriving academic and policy debate on the future regulation of financial institutions … market-restricting approach to regulation; it would imply price-based capital and liquidity regulation, rather than …
Persistent link: https://www.econbiz.de/10008468512
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Finance, Growth and Fragility: The Role of Government
Beck, Thorsten - C.E.P.R. Discussion Papers - 2013
examples from the developed and developing world and repercussions for current reform discussions. …
Persistent link: https://www.econbiz.de/10011084237