The role of social capital in financial development / Luigi Guiso, Paola Sapienza, Luigi Zingales Guiso, Luigi

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Guiso, Luigi
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American Economic Review
Debtor and creditor - Moral and ethical aspects - Italy.; Economic development -- Analysis; Households -- Investments
A study on the social capital differences in Italy is presented. The study analyzes the effect of social capital on financial development of a country. The investment patterns of the households with high-social standing and the adverse effects of weaker legal enforcement are also discussed.
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