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来源类型Working Paper
规范类型报告
DOI10.3386/w23800
来源IDWorking Paper 23800
The Origins of Financial Development: How the African Slave Trade Continues to Influence Modern Finance
Ross Levine; Chen Lin; Wensi Xie
发表日期2017-09-11
出版年2017
语种英语
摘要We assess how the African slave trade—which had enduring effects on social cohesion—continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 – 1900 period helps account for overall financial development, household access to credit, and firm access to finance, we evaluate three potential mechanisms linking the slave trade to modern finance—information sharing institutions, trust in financial institutions, and the quality of legal institutions. We discover that the slave trade is strongly, negatively related to the information sharing and trust mechanisms but not to the legal mechanism.
主题Financial Economics ; Financial Institutions ; History ; Financial History ; Development and Growth ; Development ; Country Studies
URLhttps://www.nber.org/papers/w23800
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581474
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Ross Levine,Chen Lin,Wensi Xie. The Origins of Financial Development: How the African Slave Trade Continues to Influence Modern Finance. 2017.
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