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- the advent of a radically different world economy, and the explosion of the world's population. As these forces are … unleashed, the world's nation-states - weakened by their increasingly unhelpful territorial and hierarchical constructs - will …
Persistent link: https://www.econbiz.de/10010273275
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