This book examines international and domestic responses to financial crises while providing an agenda for financial development to support economic growth the volume provides the first comprehensive analysis of the role of law and institutions in financial stability and development. The chapter highlights three aspects first the fundamental role of law and institutions in economic growth and development second the growing body of research suggesting that an effective financial system is necessary to support economic growth and third the role of law and institutions in an effective financial system. Financial stability economic growth and the role of law douglas w arner this book examines the role of law in financial development and economic growth within institutions home worldcat home about worldcat help search search for library items search for lists search for . At the same time financial development is now seen to play an important role in economic growth in both financial stability and financial development law and related institutions have a central role. At the same time it also provides an agenda for financial development to support economic growth while avoiding or reducing the impact of financial crises in individual economies in so doing the volume provides the first comprehensive analysis of the role of law and institutions in financial stability and financial development
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