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Legal systems and bank development

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Author Info
O. Emre Ergungor

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Abstract

In some countries, banks are firms’ key source of financing. In others, firms look mainly to credit markets to meet their financial needs. Why should this be so? New research suggests that a country’s legal tradition strongly influences which financial system becomes dominant there.

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File URL: http://www.clevelandfed.org/research/commentary/2002/0201.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2002)
Issue (Month): Feb 1 ()
Pages:
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Handle: RePEc:fip:fedcec:y:2002:i:feb1

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Related research
Keywords: Banking law ; Finance;

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This page was last updated on 2009-12-31.

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