Financial Structure and Economic Growth

443 pages | 2001 | PDF | 1,5 Mb 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. Links (1,5 Mb) Quote:http://rapidshare.com/files/92811486/Financial_structure_and_economic_growth_www.softarchive.net.rar