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markets. "--World Bank web site …
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Finance Group, Development Research Group--is part of a larger effort in the group to understand the growth finance link"--World …
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Economies with better developed financial sectors have a comparative advantage in manufacturing industries. A two-sector model shows the sector with large scale economies profiting more than the other from a well-developed financial sector. In countries with higher levels of financial...
Persistent link: https://www.econbiz.de/10010524026
A country's legal origin—whether British, French, German, or Scandinavian—helps explain the development of its financial institutions today. Legal systems differ in their ability to facilitate private exchanges and to adapt to support new financial and commercial transactions. A country...
Persistent link: https://www.econbiz.de/10010524048
A country's level of financial development and the legal environment in which financial intermediaries and markets operate critically influence economic development. In countries whose financial sectors are more fully developed and whose legal systems protect the rights of outside investors,...
Persistent link: https://www.econbiz.de/10010524301