October 1996 The findings suggest that across very different financial systems, financial markets and intermediaries have a comparative advantage in funding sho

In this paper we focus on two issues. First, we examine whether firms in a thirty country sample finance long-term and short-term investment similarly. Second,

The findings suggest that across very different financial systems, financial markets and intermediaries have a comparative advantage in funding short-term inves

Abstract: China is often mentioned as a counterexample to the findings in the finance and growth literature since, despite the weaknesses in its banking system,