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Legal rules, governance structures and financial systems

Jovanovic, Aleksandra
The paper argues that legal systems evolve as a reflection, as well as cause, of governance and financial systems. It summarises a number of empirical studies and ownership patterns in transition and non-transition countries. It argues that no one model provides an adequate guide and proposes that ad hoc and incremental solutions are more prevalent...
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Contributor: Free Market Center - http://www.fmc.org.yu
Topic: Economy and Development
Country: Serbia
Document Type: Policy Analyses
Year: 2001
Keywords: Household Property, Legal System, Market Economy, Public Sector
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