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Political Institutions and Financial Development by Stephen Haber, Douglass C. North, Barry R. Weingast (Paperback, 2007)
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About this product
Product Information
Economists have long maintained that a well-developed and functioning financial system is a vital prerequisite to economic growth. Countries with robust banking sectors and securities markets-that is, countries in which credit cards, loans, mortgages, and the ability to issue stocks and bonds are available to a broad swath of consumers and businesses-are more prosperous than countries that restrict such access to a favored elite. What is less clear is why some countries develop better financial systems than others. The essays in this volume employ the insights and techniques of political science, economics, and history to provide a fresh answer to this question. While scholarly tradition points to the colonial origin of a country's legal system as the most important determinant of the health of its financial system, this volume points instead to a country's political institutions-its governmental structures and the rules of the political game-as the key. Specifically, the openness and competitiveness of a country's political system tends to reflect itself in the openness and competitiveness of its financial system.Product Identifiers
PublisherStanford University Press
ISBN-139780804756938
eBay Product ID (ePID)87281330
Product Key Features
Number of Pages320 Pages
Publication NamePolitical Institutions and Financial Development
LanguageEnglish
SubjectEconomics, Business
Publication Year2007
TypeTextbook
AuthorStephen Haber, Douglass C. North, Barry R. Weingast
SeriesSocial Science History
FormatPaperback
Dimensions
Item Height229 mm
Item Weight417 g
Item Width152 mm
Additional Product Features
EditorDouglass C. North, Stephen Haber, Barry R. Weingast
Country/Region of ManufactureUnited States
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