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What is Bank vs Market-Based Financial Systems about?

This document compares bank-based and market-based financial systems across a large number of countries. It finds that: 1) Financial systems, including banks, non-banks, and stock markets, tend to be larger, more active, and more efficient in higher-income countries compared to lower-income countries. 2) In higher-income countries, stock markets become more active and efficient relative to banks, indicating a tendency for financial systems to become more market-oriented as countries become richer. 3)

Author

cat dog

Language

EN