Author : Edward S. Shaw
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 27,22 MB
Release : 1973-01-01
Category : Developing countries
ISBN : 9780195016338
Author : Boris Pleskovic
Publisher : World Bank Publications
Page : 428 pages
File Size : 14,24 MB
Release : 1999
Category : Political Science
ISBN : 9780821343210
The 1998 Annual World Bank Conference on Development Economics, the tenth anniversary, was held at the Bank on April 20-21, 1998. The discussions focused on four areas of inquiry:1) the role of geography in countries'success, 2) the role of effective competition and regulatory policies, 3) the causes of financial crises and ways to prevent them, and 4) the effects of ethnic diversity on democracy and growth. The welcoming address by World Bank President James D. Wolfensohn, the opening remarks by chief Economist Joseph Stiglitz, and the tenth anniversary address by the International Monetary Fund Deputy Managing Director Stanley Fischer all focused both on the role of the conference and on the changing perspectives for development.
Author : Thorsten Beck
Publisher : Edward Elgar Publishing
Page : 615 pages
File Size : 25,54 MB
Release : 2018-07-27
Category : Business & Economics
ISBN : 1785360515
This Handbook provides a comprehensive overview of the relationship between financial and real sector development. The different chapters, written by leading contributors in the field, survey research on the importance of financial development for economic growth, the causes and consequences of financial fragility, the historic development of financial systems in several major economies and regions of the world, and the regulatory and supervisory underpinnings of financial sector development.
Author : Peter L. Rousseau
Publisher : Cambridge University Press
Page : 309 pages
File Size : 50,82 MB
Release : 2017-09
Category : Business & Economics
ISBN : 1107141095
This volume presents essays that take a historical look at aspects of the finance-growth nexus.
Author : John E. Udo Ndebbio
Publisher :
Page : 44 pages
File Size : 21,19 MB
Release : 2004
Category : Africa, Sub-Saharan
ISBN :
Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
Page : 41 pages
File Size : 25,85 MB
Release : 2015-05-04
Category : Business & Economics
ISBN : 1498312616
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.
Author : Katsiaryna Svirydzenka
Publisher : International Monetary Fund
Page : 43 pages
File Size : 18,65 MB
Release : 2016-01-12
Category : Business & Economics
ISBN : 1513583700
There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one of two measures of financial depth – the ratio of private credit to GDP or stock market capitalization to GDP. However, these indicators do not take into account the complex multidimensional nature of financial development. The contribution of this paper is to create nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are then aggregated into an overall index of financial development. With the coverage of 183 countries on annual frequency between 1980 and 2013, the database should offer a useful analytical tool for researchers and policy makers.
Author : Ross Levine
Publisher :
Page : 130 pages
File Size : 11,89 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 : International Monetary Fund
Publisher : International Monetary Fund
Page : 46 pages
File Size : 14,48 MB
Release : 1983-10-31
Category : Business & Economics
ISBN : 9781557751041
In recent years, the appropriate level and structure of interest tates have come to be seen as major issues in connection with stabilization programs undertaken by members. These issues arise from consideration both on the demand side, as interest rates affect the magnitude of aggregate demand, and on the supply side, as they influence the volume and quality of investment and, thus, the growth of output.
Author : Mr.Jean-Louis Arcand
Publisher : International Monetary Fund
Page : 50 pages
File Size : 27,74 MB
Release : 2012-06-01
Category : Business & Economics
ISBN : 1475526105
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.
