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Political Institutions and Financial Development by Douglass C. North, Barry R. Weingast, Stephen Haber (Paperback, 2007)
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Author: By Haber, Stephen. Economists have long maintained that a well-developed and functioning financial system is a vital prerequisite to economic growth. Specifically, the openness and competitiveness of a country's political system tends to reflect itself in the openness and competitiveness of its financial system.