Law and finance : why does legal origin matter? / Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross

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Beck, Thorsten ; Demirguc-Kunt, Asli ; Levine, Ross
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Journal of Comparative Economics
Finance - Law and legislation.; Economic conditions -- Forecasts and trends; Financial markets -- Laws, regulations and rules
Two empirical theories are provided to assess the reasons for the influence of legal origin on financial development. The main reason for this is the inability of the legal traditions to adapt to the changing economic conditions.
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