Answers are grounded in this paper and cite their sources.
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?
No takes yet. Share an insight, caveat, or question.
Raymond W. Goldsmith (1975) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: