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The study examines empirical relationships between income inequality and three features of finance: depth (financial … financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision …
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This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...
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Does it matter for domestic investment whether a country's financial system is bank based or stock-market based? This … financial intermediation and enforce creditor and investor rights. This will facilitate the development of banks and stock …
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