Political Institutions and Financial Development

By: Stephen Haber

Book Overview

Economists have long maintained that a well-developed and functioning financial system is a vital prerequisite to economic growth. Countries with robust banking sectors and securities markets--that is, countries in which credit cards, loans, mortgages, and the ability to issue stocks and bonds are available to a broad swath of consumers and businesses--are more prosperous than countries that restrict such access to a favored elite. What is less...

• Format: Paperback
• Language: English
• ISBN: 0804756937
• ISBN13: 9780804756938
• Release Date: December 2007
• Publisher: Stanford University Press
• Length: 320 Pages
• Weight: 0.98 lbs.
• Dimensions: 0.7" x 6.4" x 8.9"