Law, politics, and finance
By: Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine.
Contributors: Demirgüç-Kunt, Aslı.; Levine, Ross.; World Bank. Development Research Group. Finance.
Series: Policy research working paper ;; 2585; Policy research working papers (Online) ;; 2585.
Published: 2001
Place of publication: World Bank, Development Research Group, Finance
Language: eng
Format: Electronic resource
Subjects: Law and economic development.; International finance -- Law and legislation.; Financial institutions -- Law and legislation.; Commercial law.
Description: A country's legal origin, whether British, French, German, or Scandinavian, helps explain the development of its financial institutions today. Legal systems differ in their ability to facilitate private exchanges and to adapt to support new financial and commercial transactions. A country cannot change its legal origin, but it can (with considerable effort) reform its judicial system by emphasizing the rights of outside investors, by providing more certain and efficient contract enforcement, and by creating a legal system that adapts more readily to changing economic conditions.
Notes: Includes bibliographical references (p. 42-45).
Title from title screen as viewed on Sept. 12, 2002.
"April 2001."
Also available in print.
Mode of access: World Wide Web.