کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
967982 931430 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Why do financial systems differ? History matters
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Why do financial systems differ? History matters
چکیده انگلیسی

We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different financial structures. Because setting up financial markets is costly in our model, economies that emphasize bank lending are more likely to continue doing so in the future, all else equal.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 54, Issue 4, May 2007, Pages 1002–1017
نویسندگان
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