Download or read book Legal Institutions and Financial Development written by Thorsten Beck and published by World Bank Publications. This book was released on 2003 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development"--National Bureau of Economic Research web site