Documents & Reports

Financial development : structure and dynamics (English)


This paper analyzes the bright and dark sides of the financial development process through the lenses of the four fundamental frictions to which agents are exposed -- information asymmetry, enforcement, collective action, and collective cognition. Financial... See More +


  • de la Torre, Augusto; Feyen, Erik; Ize, Alain;
  • 2011/10/01
  • Policy Research Working Paper
  • WPS5854
  • 1
  • 1
  • World
  • The World Region
  • 2011/10/01
  • Financial development : structure and dynamics
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Complete Report in English

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