Financial Development : Structure and Dynamics

Financial Development : Structure and Dynamics

This paper analyzes the process of financial development over the last three to four decades from the perspective of the fundamental frictions (agency and collective) to which economic agents were exposed. A comprehensive statistical benchmarking analysis showed that financial development followed r...

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Bibliographic Details
Main Authors: de la Torre, Augusto, Feyen, Erik, Ize, Alain
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2015
Subjects:
asset management
asymmetric information
boom-bust cycle
capital market
economic development
financial development
enabling environment
financial structure
financial system
financial crisis
insurance
market failure
Online Access:http://hdl.handle.net/10986/21620

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