The Evolving Importance of Banks and Securities Markets
The roles of banks and securities markets evolve during the process of economic development. As countries develop economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association between an increase in economic output and an increase...
| Main Authors: | , , |
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| 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/10986/21618 |