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CHOOSING THE RIGHT FINANCIAL SYSTEM FOR GROWTH

Authors :
Barth, James R.
Nolle, Daniel E.
Root, Hilton L.
Yago, Glenn
Source :
Journal of Applied Corporate Finance; January 2001, Vol. 13 Issue: 4 p116-123, 8p
Publication Year :
2001

Abstract

Well‐functioning financial systems promote economic growth by channeling funds from those who save to those who invest in the productive capacity of economies. What are the main features of a well functioning system? Are well developed capital markets essential to the process? Or are commercial banks and other “private” sources of capital capable of bringing about the same levels of growth and prosperity?

Details

Language :
English
ISSN :
19368216 and 17456622
Volume :
13
Issue :
4
Database :
Supplemental Index
Journal :
Journal of Applied Corporate Finance
Publication Type :
Periodical
Accession number :
ejs24456820
Full Text :
https://doi.org/10.1111/j.1745-6622.2001.tb00432.x