How Do Financial Systems Affect Economic Performance ?

  title={How Do Financial Systems Affect Economic Performance ?},
  author={Wendy Carlin and Colin Mayer},
This paper examines the relation between financial, corporate and legal systems, and economic performance in different countries. It reviews international comparisons that undertake detailed analyses of individual, developed countries and studies that use large, cross-country data banks, including developing countries. While the former do not provide evidence of a clear relation between different types of systems and economic performance, the latter report a strong association of financial… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.
19 Citations
27 References
Similar Papers


Publications referenced by this paper.
Showing 1-10 of 27 references

Credit efficiency in centralized and decentralized economies

  • M. Dewatripont, E. Maskin
  • 1995
Highly Influential
4 Excerpts

Top executive rewards and firm performance: A comparison of Japan and the United States

  • S. Kaplan
  • Journal of Political Economy
  • 1994
Highly Influential
9 Excerpts

Blockholdings in Europe: An international comparison

  • M. Press. Becht, A. Roell
  • European Economic Review
  • 1999
Highly Influential
2 Excerpts

Stock markets and resource allocation

  • F. Allen
  • Capital Markets and Financial Intermediation
  • 1993
Highly Influential
3 Excerpts

Division of the Humanities and Social Sciences, California Institute of Technology

  • No
  • Franks, J. and C. Mayer
  • 1998

Similar Papers

Loading similar papers…