A More Efficient Financial System for Improved Economic Performance : An Attempt at Identifying the Priorities

It is common wisdom that necessary conditions for economic performance are institutions that help the efficient production and distribution of goods and services. This rule applies also in financial sector. The authors surveyed the available evidence on the efficiency of judicial institutions and their effect on working of financial markets. They also analyse the link between good corporate laws, efficient enforcement of the laws and economic performance. Finally, two initiatives are studied : - a comparison of two bills that the Italian parliament is considering for the reform of the company code ; - the initiative for the creation across Europe of private credit bureaus and public credit registers. JEL classifications : G14, G28Giavazzi Francesco, Giovannini Alberto. A More Efficient Financial System for Improved Economic Performance : An Attempt at Identifying the Priorities . In: Revue d'économie financière (English ed.), n°62, 2001. Banking and Financial Europe after the Euro. pp. 71-81