Financial development and the evolution of property rights and legal institutions

Using a panel of 129 countries over the period from 1965 to 2008, we examine the role of financial development in the evolution of property rights and legal institutions. We postulate that changes in the level of financial development change the costs and benefits of, and the demand for property rig...

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Bibliographic Details
Published in:Emerging markets review 2012-12, Vol.13 (4), p.650-673
Main Authors: Miletkov, Mihail, Wintoki, M. Babajide
Format: Article
Language:English
Subjects:
Benefits
Cost
Developing countries
Economic development
Emerging markets
Financial intermediaries
Financial performance
Institutions
International
Law firms
Property rights
Right of property
Studies
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