Download the fantastic book titled Financial Intermediation and Growth written by Ross Levine, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Financial Intermediation and Growth", which was released on 19 May 1999. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Accounting genre.
Summary of Financial Intermediation and Growth by Ross Levine PDF
This paper evaluates (1) whether the exogenous component of financial intermediary development influences economic growth and (2) whether cross-country differences in legal and accounting systems (e.g., creditor rights, contract enforcement, and accounting standards) explain differences in the level of financial development. Using both traditional cross-section, instrumental variable procedures and recent dynamic panel techniques, we find that the exogenous component of financial intermediary development is positively associated with economic growth. Also, the data show that cross-country differences in legal and accounting systems help account for differences in financial development. Together, these findings suggest that legal and accounting reforms that strengthen creditor rights, contract enforcement, and accounting practices can boost development and accelerate economic growth.
Detail About Financial Intermediation and Growth PDF
- Author : Ross Levine
- Publisher : World Bank Publications
- Genre : Accounting
- Total Pages : 64 pages
- ISBN :
- Release Date : 19 May 1999
- PDF File Size : 21,9 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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