Abstract
This chapter attempts to examine systematically the factors that might account for cross-country differences in financial development. It employs two modern quantitative methods, Bayesian Model Averaging (BMA) and General-to-specific (Gets) approaches, to gauge the robustness of a selection of possible determinants of financial development. Special emphasis has been placed on the contributions that institutions, policy and geography may have in developing financial markets.
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© 2011 Yongfu Huang
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Huang, Y. (2011). General Determinants of Financial Development. In: Determinants of Financial Development. Palgrave Macmillan, London. https://doi.org/10.1057/9780230302495_2
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DOI: https://doi.org/10.1057/9780230302495_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32415-6
Online ISBN: 978-0-230-30249-5
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