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Law, Finance, and Economic Growth in China: An Introduction

โœ Scribed by Yang Yao; Linda Yueh

Book ID
113953919
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
150 KB
Volume
37
Category
Article
ISSN
0305-750X

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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