Bank-Based or Market-Based Financial Systems: Which is Better?

By Ross Levine. 2002

1,754 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/76ec497a9e06d59406ce1774bf480c88f9d15abb

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Citations in the corpus

Financial Structure and Growth (2014, background): “As a result, empirical analysis of this topic relies on indicators that approximate different aspects of the two intermediation channels (Beck et al (2000), Levine (2004)).”
Financing patterns of European SMEs – an empirical taxonomy (2016, neutral): “Whereas in bank-based financial systems, banks play the dominant role in mobilizing and allocating capital, monitoring firms and facilitating risk management systems, market-based financial systems rely on the securities markets to allocate capital and exert control (Demirgüç-Kunt and Levine 1999; L”
Financial Institutions and Markets Across Countries and Over Time - Data and Analysis (2009, neutral): “Following Beck and Levine (2002), we focus on two indicators of financial structure:”
Financial Inclusion and Economic Growth: The Role of Governance in Selected MENA Countries (2021, methodology): “Levine (2002), Bank-Based or Market-Based Financial Systems: Which Is Better?”
How much do we really know about growth and finance (2003, neutral): “A related issue addressed by Levine (2002) is whether bank-dominated (the German model) or market-dominated (the Anglo-Saxon model) financial systems generate better growth performances.”
Does too much finance harm economic growth (2014, background): “The literature suggests that most economies progress along with the banking system as their choices expand in channelling funds between savers and investors (Levine and Zervos, 1998; Levine, 2002).”
Does Financial Development Cause Economic Growth? The Case of India (2008, background): “The stock market-based view, on the other hand, highlights that a well-functioning stock market fosters growth and profit incentives and helps in risk management more efficiently than the bank-based system does (Levine, 2002; Beck and Levine, 2002).”
Sovereign Credit Ratings, Capital Flows and Financial Sector Development in Emerging Markets (2006, background): “Reinhart and Rogoff (2004) find that the flows of capital from developed to emerging countries are influenced by, among other factors, sovereign default risk, which is typically measured by sovereign credit ratings.”