Author : Niels Hermes
Publisher : Routledge
Page : 381 pages
File Size : 37,12 MB
Release : 2013-04-15
Category : Business & Economics
ISBN : 1135635447
This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts: the first identifies and analyses the major theoretical issues using examples from developing countries to illustrate how these work in practice; the second part looks at the implications for financial policy in developing countries.
Author : K. L. Gupta
Publisher :
Page : 0 pages
File Size : 47,52 MB
Release : 2010-11-26
Category : Developing countries
ISBN : 9780415595490
First published in 1984, this study analyses contemporary research into the role of financial development as a means of accelerating the economic growth of developing countries. The author analyses both the âe~financial structuralistâe(tm) and âe~financial repressionistâe(tm) schools of thought in order to determine both the direction of causality between financial and real growth and the accuracy of the repressionistsâe(tm) assertion that real interest rates and their stability do matter in the economies of developing countries.
Author : Aslı Demirgüç-Kunt
Publisher : MIT Press
Page : 452 pages
File Size : 32,50 MB
Release : 2001
Category : Business & Economics
ISBN : 9780262541794
CD-ROM contains: World Bank data.
Author : Muhammad Shahbaz
Publisher : Springer Nature
Page : 245 pages
File Size : 14,65 MB
Release : 2021-09-21
Category : Business & Economics
ISBN : 3030790037
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
Author : Sylviane Guillaumont Jeanneney
Publisher : International Monetary Fund
Page : 42 pages
File Size : 19,88 MB
Release : 2008-03
Category : Business & Economics
ISBN :
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.
Author : Ross Levine
Publisher :
Page : 130 pages
File Size : 38,57 MB
Release : 2004
Category : Economic development
ISBN :
"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
Author : Mr.Pablo Emilio Guidotti
Publisher : International Monetary Fund
Page : 38 pages
File Size : 34,1 MB
Release : 1992-12-01
Category : Business & Economics
ISBN : 1451852452
This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
Author : P.K. Rao
Publisher : Springer Science & Business Media
Page : 246 pages
File Size : 15,20 MB
Release : 2013-04-09
Category : Business & Economics
ISBN : 3662065703
Improved understanding of the key role of financial aspects in the growth and development of economic systems is an important aspect of economic analysis. This first textbook on development finance provides a comprehensive coverage of this new area of economics. The book integrates relevant theoretical approaches and their policy applications. A unique perspective combines transaction cost economics and neoclassical economics. The author also treats important policy issues of national and international relevance.
Author : Asl? Demirgüç-Kunt
Publisher : World Bank Publications
Page : 55 pages
File Size : 42,80 MB
Release : 2006
Category : Desarrollo economico
ISBN :
" The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments play an important role in building effective financial systems and discusses different policy options to make finance work for development."--World Bank web site.
Author : José Luis Machinea
Publisher : Springer
Page : 262 pages
File Size : 50,11 MB
Release : 2006-11-28
Category : Business & Economics
ISBN : 0230800912
This book analyses the development challenge faced by Latin America at a time at which the concerns for the large inequality in the region are at a peak. This volume focuses on growth-with-equity, and is written by an outstanding group of Latin American and international researchers and policy-makers.
