Market-Based Finance

Bank-Based and Market-Based Financial Systems: Cross-Country Comparisons ArXiv ID: ssrn-569255 “View on arXiv” Authors: Unknown Abstract Financial systems tend to be more market-based in higher income countries, where stock markets also become more active and efficient than banks. Financial sy Keywords: Market-Based Finance, Bank-Based Finance, Financial Structure, Economic Development, Macro Complexity vs Empirical Score Math Complexity: 1.5/10 Empirical Rigor: 8.0/10 Quadrant: Street Traders Why: The paper relies on statistical analysis of cross-country data with simple correlations and regressions, but its mathematical formalism is minimal and descriptive. It is highly data-intensive, constructing new indices for 150 countries and testing specific policy determinants, making it ready for empirical validation. flowchart TD A["Research Goal: Compare Bank vs. Market Finance across Countries"] --> B["Methodology: Cross-Country Analysis"] B --> C["Data: Macro Variables & Financial Structure Indicators"] C --> D["Computation: Panel Regressions & Clustering"] D --> E{"Key Finding: Wealthier nations shift from bank-dominant to market-dominant systems"} E --> F["Outcome: Market efficiency rises with economic development"]

Shadow Banking ArXiv ID: ssrn-2378449 “View on arXiv” Authors: Unknown Abstract The rapid growth of the market-based financial system since the mid-1980s has changed the nature of financial intermediation. Within the system, “shadow banks” Keywords: Shadow Banking, Financial Intermediation, Market-Based Finance, Credit Supply, Banking Sector, Fixed Income / Credit Complexity vs Empirical Score Math Complexity: 3.0/10 Empirical Rigor: 1.0/10 Quadrant: Philosophers Why: The paper appears to be a conceptual/theoretical overview of shadow banking, focusing on definitions and systemic issues rather than formal models or backtesting. The provided excerpt suggests high-level discussion without empirical data or implementation details. flowchart TD A["Research Goal How does shadow banking affect traditional credit supply?"] --> B["Data Inputs"] B --> C["Fixed Income & Credit Data Banking Sector Metrics"] C --> D["Methodology Panel Regression Analysis"] D --> E["Computational Process Quantifying Intermediation Shifts"] E --> F["Key Findings Market-based finance alters credit supply dynamics"]