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Finance and Credit Market

Author

Listed:
  • Dalila Chenaf-Nicet

    (Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux)

Abstract

In this chapter, the author (Dalila Nicet-Chenaf) draws from the literature a set of variables describing financial systems, their different forms and type of institutional governance. The analysis then proceeds by contrasting the various types of financial sector governance in terms of their degree of financial depth and their particular banking and market-finance mix, four financial models are identified. The intermediated (repressed) model is typical of many developing and emerging economies. It is characterized by limited financial depth, high state banking sector regulation levels, financial repression and low levels of investor and creditor protection. Some emerging economies exhibit embryonic models marked by intermediate degrees of financial depth and a significant bias towards banking finance. The mature model has high depth and relatively even proportions of banking and market finance.

Suggested Citation

  • Dalila Chenaf-Nicet, 2017. "Finance and Credit Market," Post-Print hal-03895986, HAL.
    • Handle: RePEc:hal:journl:hal-03895986
    DOI: 10.1007/978-3-319-49947-5_8
    as

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