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According to World Bank report, in developing economies with lower per capita income, the banking...

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According to World Bank report, in developing economies with lower per capita income, the banking system is more deeply entrenched than Non-bank Financial Institutions (NBFIs) and securities markets, and the value of bank assets tends to be a larger multiple of equity market capitalization than higher income countries. See the figure below. FiguRe 2: RATIO OF BANK Assets to MARKET Capitalization and Per Capita GDP Choose one developing economy and one developed economy and find their Per Capita GDP. Then compute ratio of "bank assets/market capitalization" for both countries and briefly discuss (Hint: Search on google. Find all numbers in US dollars. "Bank assets" will be the total value of all banks assets in the country you choose. Similarly, "market capitalization" is the total market value of all companies listed in the stock exchange of that country)

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