The Evolving Importance of Banks and Securities Markets

The roles of banks and securities markets evolve during the process of economic development. As countries develop economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association between an increase in economic output and an increase...

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Bibliographic Details
Main Authors: Demirgüç-Kunt, Asli, Feyen, Erik, Levine, Ross
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2015
Subjects:
Online Access:http://hdl.handle.net/10986/21618