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Law, finance, economic growth and welfare : why does legal origin matter?

Asongu, Simplice A. - 2011

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 …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

Persistent link: https://www.econbiz.de/10011410416

Law and finance in Africa

Asongu, Simplice A. - 2011

This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …

Persistent link: https://www.econbiz.de/10011410393

Corruption, growth, and the environment : a cross-country analysis

Welsch, Heinz - 2003

The relationship between per capita income and a number of pollution indicators has been found to display an inverted U-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given income levels (direct effect) and by reducing...

Persistent link: https://www.econbiz.de/10011438821

The separation of information and lending and the rise of rating agencies in the United States

Flandreau, Marc; Mesevage, Gabriel Geisler - 2014

parallel with the UK. In contrast with earlier narratives that have emphasized the role of Common Law and the greater … prospered as a remedy to deficient bankruptcy law and weak protection of creditor rights in the US. The result was to raise the …

Persistent link: https://www.econbiz.de/10010360535

Does financial literacy improve financial inclusion? : cross country evidence

Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2018

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...

Persistent link: https://www.econbiz.de/10011902705

Does financial literacy improve financial inclusion? : cross country evidence

Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2017

While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...

Persistent link: https://www.econbiz.de/10011716181

Three futures for postcrisis banking in the Americas : the financial trilemma and the Wall Street complex

Dymski, Gary Arthur - 2010

This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...

Persistent link: https://www.econbiz.de/10003996775