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