Financial structure and economic development [electronic resource] : firm, industry, and country evidence / Thorsten Beck ... [et al].
Material type:
TextSeries: Policy research working papers ; 2423. | World Bank e-LibraryPublication details: Washington, DC : World Bank, Development Research Group, Finance, [2000]Subject(s): Economic development | Finance -- Statistics | Finance -- Law and legislation | FinanceAdditional physical formats: Financial structure and economic development.LOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Summary: A country's level of financial development and the legal environment in which financial intermediaries and markets operate critically influence economic development. In countries whose financial sectors are more fully developed and whose legal systems protect the rights of outside investors, economies grow faster, industries dependent on external finance expand more quickly, new firms are created more easily, firms have more access to external financing, and firms grow faster.
"August 2000"--Cover.
Title from title screen as viewed on Oct. 15, 2002.
Includes bibliographical references (p. 40-43).
A country's level of financial development and the legal environment in which financial intermediaries and markets operate critically influence economic development. In countries whose financial sectors are more fully developed and whose legal systems protect the rights of outside investors, economies grow faster, industries dependent on external finance expand more quickly, new firms are created more easily, firms have more access to external financing, and firms grow faster.
Also available in print.
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