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Bibliographische Detailangaben
Titel:Toward A Theory of Optimal Financial Structure
Von: Lin, Justin Yifu
Person: Lin, Justin Yifu
Verfasser
aut
Sun, Xifang
Jiang, Ye
Hauptverfasser: Lin, Justin Yifu (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C The World Bank 2009
Medienzugang:https://doi.org/10.1596/1813-9450-5038
Zusammenfassung:Each institutional arrangement in a financial system has both advantages and disadvantages in mobilizing savings, allocating capital, diversifying risks, and processing information when facilitating financial transactions. Meanwhile, the factor endowment in an economy at each stage of its development determines the optimal industrial structure in the real sector, which in turn constitutes the main determinant of the size distribution and risk features of viable enterprises with implications for the appropriate institutional arrangement of financial services at that stage. Therefore, there is an endogenously determined optimal financial structure for the economy at each stage of development
Umfang:1 Online-Ressource (32 p)
DOI:10.1596/1813-9450-5038