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 Law and Development in Eastern Europe. Economic Analysis of Law, Financial Intermediaries, and Economic Development
Наименование:

Law and Development in Eastern Europe. Economic Analysis of Law, Financial Intermediaries, and Economic Development

издательство Книга по Требованию Теория государства и права
Cтраниц 296        мягкая обложка       
Аннотация:However, once a country develops, it should switch from a bank-based to a capital-market-based system. 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 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. 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.
Издательство: Книга по Требованию
Год:2008
Цена:
3214 руб
Нет в наличии
Поиск: Law and Development in Eastern Europe. Economic Analysis of Law, Financial Intermediaries, and Economic Development
НОВЫЙ ГОД СИМВОЛ 2013 ГОДАУКРАШЕНИЯ
КАРНАВАЛ НА НОВЫЙ ГОД РАСПРОДАЖА
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