Financial Intermediation and Growth is popular PDF and ePub book, written by Ross Levine in 1999, it is a fantastic choice for those who relish reading online the Accounting genre. Let's immerse ourselves in this engaging Accounting book by exploring the summary and details provided below. Remember, Financial Intermediation and Growth can be Read Online from any device for your convenience.
Financial Intermediation and Growth Book PDF Summary
This paper evaluates (1) whether the exogenous component of financial intermediary development influences economic growth and (2) whether cross-country differences in legal and accounting systems (e.g., creditor rights, contract enforcement, and accounting standards) explain differences in the level of financial development. Using both traditional cross-section, instrumental variable procedures and recent dynamic panel techniques, we find that the exogenous component of financial intermediary development is positively associated with economic growth. Also, the data show that cross-country differences in legal and accounting systems help account for differences in financial development. Together, these findings suggest that legal and accounting reforms that strengthen creditor rights, contract enforcement, and accounting practices can boost development and accelerate economic growth.
Detail Book of Financial Intermediation and Growth PDF
- Author : Ross Levine
- Release : 28 September 1999
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Accounting
- Total Page : 64 pages
- Language : English
- PDF File Size : 9,6 Mb
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