The Development Research Group is hosting a two-day conference on “Financial Structure and Economic Development” on June 16-17, 2011 in Washington, DC. The advantages of market or bank-based financial systems have been intensively debated by economists for over a century. Recently developed cross-country data sets have enabled researchers to document that financial structure does change during development, with financial systems becoming more market-based as countries develop. However, those data also show that financial structures vary widely across countries, even among those at similar stages of development. In this conference, we will explore the concept of “optimal financial structure” and how this is likely to be associated with financial development in general and financial stability in particular. The idea of an optimal financial structure rests on the premise that the financial structure that would best support the development of an economy is one that serves its competitive sectors most effectively.
Topics include, but are not limited to:
- Existence of optimal financial structure
- The impact of financial structure on firm performance
- The role of bank concentration and size in different stages of development
- The role of securities markets in developing countries
- Historical studies of the evolution of financial structure in developed economies
- Political economy of financial structure
Paper submission procedure:
Interested authors should send their papers to Paulina Sintim-Aboagye by January 15, 2011. Authors of accepted papers will be notified February 15, 2011.
For more information, please contact the organizers:
Robert Cull Colin Xu
World Bank World Bank