Notes on Financial System Development and Political Intervention

We study the impact of political intervention on a financial system that consists of banks and financial markets and develops over time. In this financial system, banks and markets exhibit three forms of interaction: they compete, they complement each other, and they co-evolve. Co-evolution is gener...

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Bibliographic Details
Main Authors: Song, Fenghua, Thakor, Anjan
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2015
Subjects:
Online Access:http://hdl.handle.net/10986/21619