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Making the most of markets : the role of IFIs

Stern, Nicholas H.; Lankes, Hans-Peter - In: EIB papers 3 (1998) 2, pp. 102-114

Since the World Bank and the International Monetary Fund were launched at Bretton Woods more than 50 years ago, and the … regional development banks in subsequent decades, the world economy has changed in important respects. In considering the role … result, world real interest rates have increased markedly. Second, the poor performance of statist models of development has …

Persistent link: https://www.econbiz.de/10011503002

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

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