The Evolving Importance of Banks and Securities Markets
- Publisher: Oxford University Press on behalf of the World Bank
The World Bank Economic Review,
financial system | financial structure | economic development | stock market | intangible asset | domestic bond market | bank credit | gross domestic product | capitalization | Debt Markets,Economic Theory&Research,Banks&Banking Reform,Markets and Market Access,Access to Finance | financial development | securities market
The roles of banks and securities markets evolve during the process of economic development. 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 ec...