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Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence. www.econstor.eu ZBW-Leibniz Information Centre for Economics 345 Forum Over the past ten years, the platform economy has become a topic of great interest in Europe. It has been cited as a force for economic growth and innovation, lower-cost goods and services, and low-barrier employment opportunities. At the same time, platforms have been criticised for potentially expanding the number of workers in precarious jobs. Thus, stakeholders-including policymakers, social partners, workers and platforms-have sought to better understand the platform economy, as evidenced by the growing body of literature surrounding platform issues. Online platforms have the potential to drastically change the economy and the world of work. In some industries, such as transportation, they already have had a disruptive impact on existing companies and workers. Nevertheless, academic discussions of the platform economy

A well-developed financial system is instrumental in attaining sustainable and balanced growth. It increases the availability of funding by mobilizing idle savings, facilitating transactions, and attracting foreign investments. Such markets can achieve an improved allocation of financial resources and enhanced risk management, transparency, and corporate governance practices. Moreover, developed financial systems can ease the availability of some credit to more opaque businesses, such as first-time or low-income (and low-collateral) borrowers or SME. In short, FD can serve to improve not only the growth prospects but also the distribution of economic opportunities.The economics literature has identified a number of determinants that contribute to a more developed financial system. Among these determinants, the institutional and regulatory preconditions are perhaps the most studied factors underlying a well-functioning financial system. Starting with the seminal contribution of La Porta et al. (1997), many studies have found that FD is stronger when institutions that protect and match the needs of investors are present (see Demirguc-Kunt and Levine 2008 for a literature review).