Comparative financial systems.pptVIP

? 2002 Sverre Knutsen - Handelsh?yskolen BI Comparative Business SystemsThe Role of Financial Systems Sverre Knutsen Norwegian School of Management Comparative financial systems Whitley: The financial system is among the key institutional features structuring business systems Financial systems vary on a number of dimensions But the critical feature deals with the processes by which capital is made available and priced Comparative financial systems Whitley use the traditional dichotomy to classify financial system: Capital-market-based financial systems Vs. Credit-based financial systems Com