Browsing FAS Scholarly Articles by Keyword "financial development"
Now showing items 1-3 of 3
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Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms
(Wiley-Blackwell, 2007)Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings ... -
Financial Development and the Instability of Open Economies
(Elsevier, 2004)This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital ... -
The Law and Economics of Self-dealing
(Elsevier, 2008)We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for ...