Published online by Cambridge University Press: 11 May 2010
The quantitative international comparison of financial structure and development involves three levels of problems: first, what is the purpose of such comparisons; second, given these objectives, what are the concrete features of the financial system to be compared; and, third, how are these comparisons to be carried out, that is, what data can be used and how should they be processed and arranged?
Editor's Note: This paper was presented in a joint session of the Economic History Association, the American Economic Association, and the American Finance Association devoted to “Comparison of Financial Systems” in San Francisco, December 29, 1974. Approximately a half dozen introductory pages of the paper have been omitted.
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