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"Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a … systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance … importance of institutions in explaining the variation in economic development and growth across transition economies during the …
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"There is a wide cross-country variation in the institutional structure of bank failure resolution, including the role of the deposit insurer. The authors use quantitative analysis for 57 countries and discuss specific country cases to illustrate this variation. Using data for over 1,700 banks...
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"Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and...
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also associated with greater outreach. Government ownership of financial institutions translates into lower access, while …
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"The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...
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