Efficient Ways To Set Up Individual Accounts In A Social Security System
- Topics:
- Financial Research,
- Quantitative Analysis
- Tags:
- Finance,
- Social Security,
- Operational Accounting,
- Income,
- Free Trade,
- Financial System,
- Financial Services,
- Financial Service,
- Financial Planning,
- World Bank Group
- Source:
- World Bank Group
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Overview: Financial systems tend to be more market-based in higher income countries, where stock markets also become more active and efficient than banks. Financial systems also tend to be more market-based, even after controlling for income, in countries with a common law tradition, strong protection of shareholder rights, good accounting standards, low levels of corruption, and no explicit deposit insurance. The paper suggests that markets are more effective at providing financial services. According to the paper the unresolved debate about whether markets or bank-based intermediaries are more effective at providing financial services hampers the formation of sound policy advice. Here’s a cross-country comparison for analysis.
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Format: PDF | Size: 134KB | Date: Jul 1999 | Pages: 72
