Antzoulatos, Angelos A.; Tsoumas, Chris - In: Journal of International Money and Finance 29 (2010) 2, pp. 300-314
We examine the impact of financial development on the composition of household portfolios in Spain, the U.K. and the U.S., three countries whose financial systems underwent profound changes over the past two decades and for which relevant data exist for sufficiently long time periods. We find a...