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Only a mid-life crisis? The future for IFIs in an integrated world
Hurst, Christopher; Perée, Eric - In: EIB Papers 3 (1998) 2, pp. 10-29
in all of its member countries, not only in its poorer members. It does lend throughout the world, but most of its … lending is within the European Union (EU). A significant share is within some of the world's wealthiest countries. There is …
Persistent link: https://www.econbiz.de/10010273276
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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/10010273331