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FINANCIAL DEVELOPMENT and INSTITUTIONS: A LITERATURE REVIEW

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  • Sibel Bali Eryigit

    () (Uludag University)

Abstract

Among the causes of differences in financial development, “institutions†have received considerable attention in recent years. In this context, the question of which institutions promote financial development seems particularly important. Therefore, the theories that explain the relationships between formal or informal institutions (law systems, trade openness, trust, social capital, political groups, etc.) and financial development have been introduced in recent literature. The aim of this paper is to present a general conceptual framework that will provide a better understanding the effects of institutional environment on the financial development.

Suggested Citation

  • Sibel Bali Eryigit, 2010. "FINANCIAL DEVELOPMENT and INSTITUTIONS: A LITERATURE REVIEW," Anadolu University Journal of Social Sciences, Anadolu University, vol. 10(2), pages 111-122, May.
  • Handle: RePEc:and:journl:v:10:y:2010:i:2:p:111-122
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Financial Development; Institutions; Trade openness; Social capital; Trust; Law and Finance.;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General

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