We assess how the African slave trade--which had enduring effects on social cohesion--continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 - 1900 period helps account for overall financial development,...

We assess how the African slave trade—which had enduring effects on social cohesion—continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 – 1900 period helps account for overall financial...

Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...

Contents: Part I Theory and evidence on finance and growth -- 1. Financial development and innovation-led growth / Phillippe Aghion, Peter Howitt and Ross Levine -- 2. Financial structure, economic growth and development / Franklin Allen, Xian Gu and Oskar Kowalewski -- 3. Evidence on finance...

Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...