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Law, politics, and finance / Thorsten Beck, Asli Demirguc-Kunt and Ross Levine.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Beck, Thorsten.
- Series:
- Policy research working papers (Online) ; 2585.
- World Bank e-Library.
- Policy research working paper ; 2585
- Language:
- English
- Subjects (All):
- Commercial law.
- Financial institutions--Law and legislation.
- Financial institutions.
- International finance--Law and legislation.
- International finance.
- Law and economic development.
- Other Title:
- Policy research working paper vol. 2585
- Place of Publication:
- World Bank, Development Research Group, Finance, [2001]
- System Details:
- Mode of access: World Wide Web.
- data file
- Summary:
- A country's legal origin, whether British, French, German, or Scandinavian, helps explain the development of its financial institutions today. Legal systems differ in their ability to facilitate private exchanges and to adapt to support new financial and commercial transactions. A country cannot change its legal origin, but it can (with considerable effort) reform its judicial system by emphasizing the rights of outside investors, by providing more certain and efficient contract enforcement, and by creating a legal system that adapts more readily to changing economic conditions.
- Notes:
- "April 2001."
- Title from title screen as viewed on Sept. 12, 2002.
- Includes bibliographical references (p. 42-45).
- Publisher Number:
- 10.1596/1813-9450-2585
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