Journal Article

Legal systems and bank development

Abstract: In some countries, banks are firms? key source of financing. In others, firms look mainly to credit markets to meet their financial needs. Why should this be so? New research suggests that a country?s legal tradition strongly influences which financial system becomes dominant there.

Keywords: Finance; Banking law;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2002

Issue: Feb

Order Number: 1