TY  - JOUR
AU  - Beck,Thorsten
AU  - Levine,Ross
TI  - Legal Institutions and Financial Development
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10417
PY  - 2004
Y2  - April 2004
UR  - http://www.nber.org/papers/w10417
L1  - http://www.nber.org/papers/w10417.pdf
N1  - Author contact info:
Thorsten Beck
The World Bank
1818 H Street N.W.
Mail Stop MC 3-307
Washington, D.C. 20433
E-Mail: tbeck@worldbank.org

Ross Levine
Department of Economics
Brown University
64 Waterman Street
Providence, RI 02912
Tel: 401/863-2170
E-Mail: ross_levine@brown.edu
AB  - Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development.
ER  -