Beck, Thorsten; Demirgüç-Kunt, Asli; Levine, Ross - 2001
augmented version of one of these theories. The law and finance view stresses that different legal traditions emphasize to … development. The dynamic law and finance view augments the law and finance view, stressing that legal traditions also differ in … weaker financial institutions, while those with common law and German civil laws tend to have stronger financial institutions …