| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18004 |
| 来源ID | Working Paper 18004 |
| The Evolving Importance of Banks and Securities Markets | |
| Asli Demirguc-Kunt; Erik Feyen; Ross Levine | |
| 发表日期 | 2012-04-17 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper examines the evolving importance of banks and securities markets during the process of economic development. We find that as countries develop economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association between an increase in economic output and an increase in bank development becomes smaller, and (3) the association between an increase in economic output and an increase in securities market development becomes larger. The results are consistent with theories predicting that as economies develop, the services provided by securities markets become more important for economic activity, while those provided by banks become less important. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Markets ; Financial Institutions ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w18004 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575679 |
| 推荐引用方式 GB/T 7714 | Asli Demirguc-Kunt,Erik Feyen,Ross Levine. The Evolving Importance of Banks and Securities Markets. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18004.pdf（246KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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