𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Law and Finance

✍ Scribed by Porta, Rafael La; Lopez-de-Silanes, Florencio; Shleifer, Andrei; Vishny, Robert W.


Book ID
120453661
Publisher
University of Chicago Press
Year
1998
Tongue
English
Weight
439 KB
Volume
106
Category
Article
ISSN
0022-3808

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This paper examines how the legal environment affects financial development, and then asks how this in turn is linked to long-run economic growth. Financial intermediaries are better developed in countries with legal and regulatory systems that (1) give a high priority to creditors receiving the ful