Your Waterstones card is changing, introducing...
TELL ME MORE
Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development - The MIT Press (Paperback)
  • Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development - The MIT Press (Paperback)
zoom

Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development - The MIT Press (Paperback)

(editor), (editor)
£27.00
Paperback 444 Pages / Published: 20/08/2004
  • We can order this

Usually despatched within 1 week

  • This item has been added to your basket
This is the first broad cross-country assessment of the ties between financial structure-the mix of financial instruments, institutions, and markets in a given economy-and economic growth since Raymond Goldsmith's 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on case studies of Germany, Japan, the United Kingdom, and the United States, countries with similar long-run growth rates. The absence of data on developing countries limits the usefulness of such studies for policy makers. The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country's political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy. The book includes a CD containing World Bank data.

Publisher: MIT Press Ltd
ISBN: 9780262541794
Number of pages: 444
Weight: 635 g
Dimensions: 229 x 178 x 25 mm


MEDIA REVIEWS
...this book is undeniably a valuable contribution. -International Affairs
...this book is undeniably a valuable contribution. -International Affairs * Reviews *

You may also be interested in...

Moneyball
Added to basket
£11.99
Paperback
The Big Short
Added to basket
£9.99   £7.99
Paperback
How to Speak Money
Added to basket
Catching the Wolf of Wall Street
Added to basket
Rich Dad's Guide to Investing
Added to basket
£14.99   £10.49
Paperback
The Money Machine
Added to basket
£10.99
Paperback
The Poor Had No Lawyers
Added to basket
Fooled by Randomness
Added to basket
Archives of the Valuation Office
Added to basket
The Wolf of Wall Street
Added to basket
The Snowball
Added to basket
£16.99
Paperback
Buffett
Added to basket
£12.99
Paperback
The Financial Times Guide to Investing
Added to basket
The Ascent of Money
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.