Author : Edward Stone Shaw
Publisher : New York : Oxford University Press
Page : 280 pages
File Size : 11,95 MB
Release : 1973
Category : Business & Economics
ISBN :
Monograph on the role of financial deepening in economic development, or the accumulation of financial assets at a pace faster than accumulation of nonfinancial wealth, through focus on the liberalization of financial markets - discusses classical economic theories regarding capital formation, advocates coordination of financial policy and fiscal policy reforms to deepen finance, and examines effects on the foreign exchange market, trade, capital flows, etc. References.
Author : Edward S. Shaw
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 30,4 MB
Release : 1973-01-01
Category : Developing countries
ISBN : 9780195016338
Author : Boris Pleskovic
Publisher : World Bank Publications
Page : 428 pages
File Size : 23,43 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 : Peter L. Rousseau
Publisher : Cambridge University Press
Page : 309 pages
File Size : 37,97 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 : Yılmaz Akyüz
Publisher :
Page : 0 pages
File Size : 29,27 MB
Release : 2014
Category : Economic development
ISBN : 9781783082629
Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. 'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
Author : Thorsten Beck
Publisher : Edward Elgar Publishing
Page : 615 pages
File Size : 31,50 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 : Mr.Pablo Emilio Guidotti
Publisher : International Monetary Fund
Page : 38 pages
File Size : 38,76 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 : Min Zhu
Publisher : Springer Science & Business Media
Page : 860 pages
File Size : 28,81 MB
Release : 2012-02-11
Category : Technology & Engineering
ISBN : 364227966X
A series of papers on business, economics, and financial sciences, management selected from International Conference on Business, Economics, and Financial Sciences, Management are included in this volume. Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources. The proceedings of BEFM2011 focuses on the various aspects of advances in Business, Economics, and Financial Sciences, Management and provides a chance for academic and industry professionals to discuss recent progress in the area of Business, Economics, and Financial Sciences, Management. It is hoped that the present book will be useful to experts and professors, both specialists and graduate students in the related fields.
Author :
Publisher : World Bank Publications
Page : 52 pages
File Size : 41,53 MB
Release : 2005
Category : Banks and banking, International
ISBN :
"The authors (1) present new indicators of banking sector penetration across 99 countries based on a survey of bank regulatory authorities, (2) show that these indicators predict household and firm use of banking services, (3) explore the association between the outreach indicators and measures of financial, institutional, and infrastructure development across countries, and (4) relate these banking outreach indicators to measures of firms' financing constraints. In particular, they find that greater outreach is correlated with standard measures of financial development, as well as with economic activity. Controlling for these factors, the authors find that better communication and transport infrastructure and better governance are also associated with greater outreach. Government ownership of financial institutions translates into lower access, while more concentrated banking systems are associated with greater outreach. Finally, firms in countries with higher branch and ATM penetration and higher use of loan services report lower financing obstacles, thus linking banking sector outreach to the alleviation of firms' financing constraints. "--World Bank web site.
Author : Katsiaryna Svirydzenka
Publisher : International Monetary Fund
Page : 43 pages
File Size : 15,73 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.
