Financial Deepening In Economic Development

Author : Edward Stone Shaw
Publisher : New York : Oxford University Press
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.34/5 ( download)

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Download or read book Financial Deepening in Economic Development written by Edward Stone Shaw and published by New York : Oxford University Press. This book was released on 1973 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
ISBN 13 : 9780195016338
Total Pages : 260 pages
Book Rating : 4.35/5 ( download)

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Download or read book Financial Deepening in Economic Development written by Edward S. Shaw and published by Oxford University Press, USA. This book was released on 1973-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
ISBN 13 : 1475570198
Total Pages : 41 pages
Book Rating : 4.99/5 ( download)

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Download or read book Rethinking Financial Deepening written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2015-05-04 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : John E. Udo Ndebbio
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.49/5 ( download)

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Download or read book Financial Deepening, Economic Growth, and Development written by John E. Udo Ndebbio and published by . This book was released on 2004 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Yılmaz Akyüz
Publisher : Anthem Press
ISBN 13 : 1783082402
Total Pages : 338 pages
Book Rating : 4.07/5 ( download)

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Download or read book Liberalization, Financial Instability and Economic Development written by Yılmaz Akyüz and published by Anthem Press. This book was released on 2014-05-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Aslı Demirgüç-Kunt
Publisher : MIT Press
ISBN 13 : 9780262541794
Total Pages : 452 pages
Book Rating : 4.93/5 ( download)

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Download or read book Financial Structure and Economic Growth written by Aslı Demirgüç-Kunt and published by MIT Press. This book was released on 2001 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: CD-ROM contains: World Bank data.

Author : Ronald I. McKinnon
Publisher : Brookings Institution Press
ISBN 13 : 9780815718499
Total Pages : 204 pages
Book Rating : 4.97/5 ( download)

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Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author : Robert M. Townsend
Publisher : International Monetary Fund
ISBN 13 : 145185983X
Total Pages : 66 pages
Book Rating : 4.36/5 ( download)

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Download or read book Financial Deepening, Inequality, and Growth written by Robert M. Townsend and published by International Monetary Fund. This book was released on 2003-09-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.

Author : Boris Pleskovic
Publisher : World Bank Publications
ISBN 13 : 9780821343210
Total Pages : 428 pages
Book Rating : 4.11/5 ( download)

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Download or read book Annual World Bank Conference on Development Economics 1998 written by Boris Pleskovic and published by World Bank Publications. This book was released on 1999 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Paul Wachtel
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.13/5 ( download)

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Download or read book Institutional Development, Financial Deepening and Economic Growth written by Paul Wachtel and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been profound changes in both political and economic institutions in China over the last twenty years. Moreover, the pace of transition has led to variation across the country in the level of development. In this paper, we use panel data for the Chinese provinces to study the role of legal institutions, financial deepening and political pluralism on growth rates. The most important institutional developments for a transition economy are the emergence and legalization of the market economy, the establishment of secure property rights, the growth of a private sector, the developmentof financial sector institutions and markets, and the liberalization of political institutions. We develop measures of these phenomena, which are used as explanatory variables in regression models to explainprovincial GDP growth rates. Our evidence suggests that the development of financial markets, legal environment, awareness of property rights and political pluralism are associated with stronger growth.