Legal institutions and financial development

Legal institutions and financial development

by Thorsten Beck

Book 10417 of Working paper

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"Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development"--National Bureau of Economic Research web site.

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