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Legal Institutions and Financial Development

In: Handbook of New Institutional Economics

Author

Listed:
  • Thorsten Beck
  • Ross Levine

Abstract

Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Thorsten Beck & Ross Levine, 2005. "Legal Institutions and Financial Development," Springer Books, in: Claude Menard & Mary M. Shirley (ed.), Handbook of New Institutional Economics, chapter 11, pages 251-278, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-25092-2_12
    DOI: 10.1007/0-387-25092-1_12
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    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law
    • G2 - Financial Economics - - Financial Institutions and Services

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