Financial structure and economic development
firm, industry, and country evidence
Edición de la obra Financial structure and economic development
| Autor | Thorsten Beck |
|---|---|
| Editorial | World Bank, Development Research Group, Finance |
| Fecha de publicación | 2000 |
| Lugar | Washington, DC |
| Idioma | inglés |
| Formato | Electronic resource |
| LCCN | 2002616214 |
| Serie | Policy research working paper ; · 2423 · Policy research working papers (Online) ; |
| Número de Cutter | B393f |
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.