Finance, Financial Sector Policies, and Long-run Growth

Finance, Financial Sector Policies, and Long-run Growth PDF

Author: Asli Demirguc-Kunt

Publisher: World Bank Publications

Published: 2008

Total Pages: 82

ISBN-13:

DOWNLOAD EBOOK →

Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Finance, Financial Sector Policies, and Long-Run Growth

Finance, Financial Sector Policies, and Long-Run Growth PDF

Author: Asli Demirg????-Kunt

Publisher:

Published: 2012

Total Pages:

ISBN-13:

DOWNLOAD EBOOK →

The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Financial Development and Economic Growth

Financial Development and Economic Growth PDF

Author: Niels Hermes

Publisher: Routledge

Published: 2013-04-15

Total Pages: 381

ISBN-13: 1135635447

DOWNLOAD EBOOK →

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.

Creating an Efficient Financial System

Creating an Efficient Financial System PDF

Author: Thorsten Beck

Publisher: World Bank Publications

Published: 2006

Total Pages: 43

ISBN-13:

DOWNLOAD EBOOK →

Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and effective and reliable contractual and informational frameworks. He then describes three different approaches to government involvement in the financial sector: the laissez-faire view, the market-failure view and the market-enabling view. Finally, the author analyzes the sequencing of financial sector reforms and discusses the benefits and challenges that emerging markets face when opening their financial systems to international capital markets.

How Financial Markets Affect Long-run Growth

How Financial Markets Affect Long-run Growth PDF

Author: Ejaz Ghani

Publisher: World Bank Publications

Published: 1991

Total Pages: 34

ISBN-13:

DOWNLOAD EBOOK →

A country with a more developed financial system tends to grow faster because it can make more efficient use of resources. Policy reform that fosters financial development also fosters a better growth rate real GDP.

Finance and Growth

Finance and Growth PDF

Author: Ross Levine

Publisher:

Published: 2004

Total Pages: 130

ISBN-13:

DOWNLOAD EBOOK →

"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

Monetary and Financial Policies in Developing Countries

Monetary and Financial Policies in Developing Countries PDF

Author: Anis Chowdhury

Publisher: Routledge

Published: 2003-05-20

Total Pages: 194

ISBN-13: 1134838999

DOWNLOAD EBOOK →

The issue of economic development and monetary stability has produced one of the most passionate debates in economic literature. Yet, much of the evidence employed in this debate is contradictory. Monetary and Financial Policies in Developing Countries: Growth and Stabilization brings together diverse views on the subject within a coherent framework. The work includes: * a balanced assessment of empirical findings and their theoretical foundations on the role of money and growth * a discussion of financial liberalization reform in developing countries * an analysis of monetary policy as an instrument of economic stabilization * an examination of the monetary supply and demand process in developing countries * a study of the relationship between money, credit, the balance of payments, inflation and the exchange rate system * a reflection on market failures and the role of government.

Lanterna Rally - Theme by Grace Themes