Bank-Based or Market-Based Financial Systems : Which is Better ? *

@inproceedings{Levine2000BankBasedOM,
  title={Bank-Based or Market-Based Financial Systems : Which is Better ? *},
  author={Ross Levine},
  year={2000}
}
I thank Daron Acemoglu, Franklin Allen, Maria Carkovic, Nicola Cetorelli, Karla Hoff, Kevin Kordana, Naomi Lamoreaux, Norman Loayza, Patrick Bolton, Raghuram Rajan, Rene Stulz, Anjan Thakor, two anonymous referees, and seminar participants at the University of Michigan, Banco Central de Chile, Federal Reserve Bank of Chicago, Stanford University, University of Virginia School of Law, and the World Bank for helpful comments. The views expressed in this paper are those of the authors and not… CONTINUE READING
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