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This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial...
Persistent link: https://www.econbiz.de/10013032607
This Article examines a previously overlooked policy interdependence between the International Monetary Fund (“IMF”) and the Basel Committee on Banking Supervision (“Basel Committee”), which results from economic dynamics associated with the “banking-sovereign nexus.” The failure of...
Persistent link: https://www.econbiz.de/10012964680
The "law and finance theory" predicts that the common law system provides the best basis for financial development and … summarises the key points of the theory as well as a number of sceptical views. Moreover, it argues that the theory faces an … and finance theory, its proposition that a common legal tradition implies a similar set of legal rules and procedure to …
Persistent link: https://www.econbiz.de/10003767745
The "law and finance theory" is an ambitious and fascinating attempt to combine insights from the theory of corporate … growth into an encompassing theory, thereby filling important gaps of our understanding of the ultimate causes and linkages …
Persistent link: https://www.econbiz.de/10002746139
This chapter discusses the law and finance scholarship, from its beginning to its developments into legal research and policymaking. The key issue of the importance of law for finance is illustrated along with the controversy on the law matters proposition. The focus of the chapter, however, is...
Persistent link: https://www.econbiz.de/10013082456
reviewed here and is shown to cast new light on some of the central claims of legal origins theory. Legal origins are shown to …
Persistent link: https://www.econbiz.de/10013146144
Persistent link: https://www.econbiz.de/10009012348
Persistent link: https://www.econbiz.de/10003356964
Persistent link: https://www.econbiz.de/10011434797