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Více informací o knize Law and Development in Eastern Europe

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Anotace knihy

This dissertation pursues three major goals: (1) to summarize the theoretical understanding of the complex relationship between law, financial intermediaries, and economic development; (2) to review and analyze econometrics-based studies devoted to this relationship; and (3) to create a model that analyzes this relationship using newer generation econometrics techniques. The empirical results from the model suggest that a developing country facing a choice between encouraging a strong banking system or a robust capital market as its major capital allocation tool, should favor the creation of a strong banking system. However, once a country develops, it should switch from a bank-based to a capital-market-based system. The normative implication of these results is that an Eastern European country should use the German-Japanese bank-based model as its major capital allocation tool until it develops, and then should switch to the US-British capital-markets-based model because of its greater flexibility and propensity for quick reallocation of resources.

Parametry knihy

Zařazení knihy Knihy v angličtině Society & social sciences Politics & government

• Plný název: Law and Development in Eastern Europe
• Podnázev: Economic Analysis of Law, Financial Intermediaries, and Economic Development. Diss.
• Autor: Svetoslav Minkov
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 296
• EAN: 9783639056952
• ISBN: 3639056957
• ID: 06815132
• Nakladatelství: VDM Verlag Dr. Mueller E.K.
• Hmotnost: 399 g
• Rozměry: 229 × 152 × 16 mm
• Datum vydání: 04. August 2008

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