This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Recent studies have analysed the economic benefits of belonging to high-trust networks and the biological foundations of individual trust, but much scepticism remains regarding the precise role of trust in economic transactions, as well as gaps between micro and macro concepts of trust. This...