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- W2802079504 abstract "textabstractThis chapter surveys the literature on the political economy of finance. This field offers three main insights. First, it highlights the importance of the role of political institutions in financial development. Second, it shows how the distribution of political power in society drives the prevailing set of contracting institutions and affects capital allocation and access to finance in developed and developing economies. Third, it argues that recognizing the endogenous nature of political institutions is crucial for our understanding of the evolution and functioning of financial systems." @default.
- W2802079504 created "2018-05-17" @default.
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- W2802079504 date "2017-08-03" @default.
- W2802079504 modified "2023-09-23" @default.
- W2802079504 title "Endogenous Political Institutions and Financial Development : This working paper is expected to appear in: Handbook of Finance and Development edited byThorsten Beck and Ross Levine (Edward Elgar Publishing)" @default.
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