Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …

Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …

development, economic growth, income inequality, and poverty) and micro levels (efficiency of traditional commercial banks). We … observe a significant impact on most of the fronts. MFIs’ participation increases overall savings (total bank deposits) and … them to more competition triggering higher efficiency …