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Relationship-Based and Arms-Length Financial Systems : A European Perspective / Wolf, Holger
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Wolf, Holger
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Banks & Banking Reform.
- Debt Markets.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial Economics.
- Financial Intermediation.
- General Financial Markets.
- Information and Market Efficiency.
- Macroeconomics and Economic Growth.
- Local Subjects:
- Access to Finance.
- Banks & Banking Reform.
- Debt Markets.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial Economics.
- Financial Intermediation.
- General Financial Markets.
- Information and Market Efficiency.
- Macroeconomics and Economic Growth.
- Physical Description:
- 1 online resource (14 pages)
- Other Title:
- Relationship-Based and Arms-Length Financial Systems
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- This paper surveys the debate on arms-length and relationship-based financial systems with a special focus on the Eastern Europe and Central Asia region. The paper argues that while the initial dominance of relationship-based systems in the region is consistent with the implications of the theoretical literature, the subsequent improvements in supporting institutions coupled with structural changes suggests a greater scope for arms-length elements going forward.
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