Chami, Ralph; Fullenkamp, Connel; Sharma, Sunil - In: Journal of Economic Policy Reform 13 (2010) 2, pp. 107-135
A framework for examining the process of financial market development is proposed. The framework is anchored in studying the incentives facing the key players in financial markets - borrowers, lenders, liquidity providers, and regulators - whose actions determine whether and how markets develop....
