IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_101_0333.html
   My bibliography  Save this article

Droit, architecture financière et stratégies des banques

Author

Listed:
  • Bertrand Chopard
  • Bruno Deffains
  • Jean-Daniel Guigou

Abstract

The legal origin influences the development of the financial system which impacts on the long run economic growth. So, we would like to conclude on the superiority of a special legal tradition or the bank based/market based system. However, the architecture of the financial system is neutral. It is rather the level of development of the financial sector that determines economic growth. Then, banks showed their capacity to react to the institutional changes through the multiplication of their activities and the choice of new debt contracts. Finally, common law, which a priori supports the development of the capital markets, generates nevertheless a legal risk related to the unpredictability of courts? decisions and some difficulties of harmonization due to a decentralized production of the law. JEL code: K29.

Suggested Citation

  • Bertrand Chopard & Bruno Deffains & Jean-Daniel Guigou, 2007. "Droit, architecture financière et stratégies des banques," Revue de l'OFCE, Presses de Sciences-Po, vol. 101(2), pages 333-354.
    • Handle: RePEc:cai:reofsp:reof_101_0333
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_101_0333
    Download Restriction: free
    File URL: http://www.cairn.info/revue-de-l-ofce-2007-2-page-333.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • K29 - Law and Economics - - Regulation and Business Law - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_101_0333. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.