IOS-NEWSLETTER 
Forschung, Veranstaltungen, Publikationen

Doppeltagung (Regensburg, Marburg):

Bilder und Sprachen von Not, Gewalt und Mobilisierung. Das östliche Europa nach 1918 in medialen Repräsentationen

Call for papers

1. Tagung: Der Nachkrieg
IOS Regensburg 12.–13. April 2018

Eine ausführliche Beschreibung der Tagung und des CfP finden Sie hier.

Freie Stellen Text
Gastwiss. Programm Text
Leibniz

Archive - Details

14. September 2017
Publications

IOS Working Papers No. 368 ist erschienen

Financial Development, Rule of Law and Wealth Inequality: Bayesian Model Averaging Evidence, Roman Horváth, Eva Horvatova, and Maria Siranova, 37 S., IOS Working Papers 368, September 2017.

We examine the determinants of financial development using our global sample and employing a rich set of measures of financial development that assess the degree of depth, access, stability and efficiency of financial intermediaries. We use Bayesian model averaging to test competing theories within this unifying framework. Examining nearly 40 potential determinants of financial development, we find that the rule of law and the level of economic development are the most important. Wealth inequality is irrelevant for banking sector development but positively associated with stock market development. Finally, our results suggest that financial market regulations matter for stock market efficiency and financial stability.