Financial Structure and Economic Development

Financial Structure and Economic Development PDF

Author:

Publisher: World Bank Publications

Published: 2000

Total Pages: 66

ISBN-13:

DOWNLOAD EBOOK →

A country's level of financial development and the legal environment in which financial intermediaries and markets operate critically influence economic development. In countries whose financial sectors are more fully developed and whose legal systems protect the rights of outside investors, economies grow faster, industries dependent on external finance expand more quickly, new firms are created more easily, firms have more access to external financing, and firms grow faster.

Financial Development and Economic Growth

Financial Development and Economic Growth PDF

Author: Ross Levine

Publisher: World Bank Publications

Published:

Total Pages: 84

ISBN-13:

DOWNLOAD EBOOK →

The International Monetary Fund (IMF) presents the full text of the December 2000 paper entitled "Financial Development and Economic Growth: An Overview," prepared by Mohsin S. Khan and Abdelhak S. Senhadji. The text is available in PDF format and the paper is part of the IMF's Working Paper series. This paper provides a review of literature on financial markets and discusses the relationship between financial development and economic growth.

Economic Growth and Financial Development

Economic Growth and Financial Development PDF

Author: Muhammad Shahbaz

Publisher: Springer Nature

Published: 2021-09-21

Total Pages: 245

ISBN-13: 3030790037

DOWNLOAD EBOOK →

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.

Finance, Growth, and Inequality

Finance, Growth, and Inequality PDF

Author: Mr. Ross Levine

Publisher: International Monetary Fund

Published: 2021-06-11

Total Pages: 80

ISBN-13: 1513583360

DOWNLOAD EBOOK →

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.

A New Database on Financial Development and Structure

A New Database on Financial Development and Structure PDF

Author: Thorsten Beck

Publisher: World Bank Publications

Published: 1999

Total Pages: 67

ISBN-13:

DOWNLOAD EBOOK →

This new database of indicators of financial development and structure across countries and over time unites a range of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.

Finance and Growth

Finance and Growth PDF

Author: Asli Demirgüç-Kunt

Publisher:

Published: 2018-07-27

Total Pages: 1616

ISBN-13: 9781785367427

DOWNLOAD EBOOK →

This two-volume collection brings together major contributions to the study of finance and growth. It includes conceptual and empirical papers that use a range of methodologies to discover the connections between financial systems - including financial contracts, markets, and intermediaries - and the functioning of the economy - including economic growth, entrepreneurship, technological innovation, poverty alleviation, the distribution of income, and the structure and volatility of economies. It also discusses contributions to the study of the legal, political, institutional, social capital and policy determinants of financial development. With an original introduction by the editors, this collection is an important resource for students, academics and practitioners.