Abstract
Abstract There have been debates about the role of financial systems in corporate activity for the best part of a century. A consensus view is yet to emerge as to whether -country differences in the structure of financial, corporate and legal systems have any causal influence on cross-country economic performance. But interest in this question has stimulated attempts to assemble data bankson financial and corporate systems that allow international comparisons to be performed. The objective of this chapter is to review these debates, to present additional empirical evidence and to put forward some new interpretations of this evidence.
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