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Author: Peter L. Rousseau
Publisher: Cambridge University Press
Published: 2017-09
Total Pages: 309
ISBN-13: 1107141095
DOWNLOAD EBOOK →This volume presents essays that take a historical look at aspects of the finance-growth nexus.
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.
Author: Aslı Demirgüç-Kunt
Publisher: MIT Press
Published: 2001
Total Pages: 452
ISBN-13: 9780262541794
DOWNLOAD EBOOK →CD-ROM contains: World Bank data.
Author: Peter L. Rousseau
Publisher: Cambridge University Press
Published: 2017-09-01
Total Pages: 309
ISBN-13: 1108165877
DOWNLOAD EBOOK →Throughout much of the twentieth century, economists paid little heed to the role of financial intermediaries in procuring a beneficial allocation of capital. By the end of the century, however, some financial historians had begun to turn the tide, and the phrase 'finance-growth nexus' became part of the lexicon of modern economics. Recent experience has added another dimension in that countries with broader, deeper and more active financial systems might be prone to financial crises, particularly if regulatory structures are inadequate. In this book, Peter L. Rousseau and Paul Wachtel have gathered together some of today's most distinguished financial historians to examine this finance-growth nexus from both historical and modern perspectives. Some essays examine the nexus in a particular historical or cross-country context. Others, in the light of recent experience, explore the expanded nexus of finance, growth, crises, and regulation.
Author: Michael S. Barr
Publisher: Rowman & Littlefield
Published: 2007-11-01
Total Pages: 208
ISBN-13: 0815708408
DOWNLOAD EBOOK →Broad-based and inclusive financial systems significantly raise growth, alleviate poverty, and expand economic opportunity. Households, small enterprises, and the rural poor often have difficulty obtaining financial services for a multitude of reasons, including transaction costs, perceived risk, inadequate infrastructure, and information barriers. Yet many financial institutions are now making profitable inroads into underserved markets through formal banking, investment in equities, venture capital, postal banks, and microfinance. Access to Finance addresses the challenges of making financial systems more inclusive, emulating successful ventures in new markets, and utilizing technologies and government policies to support the expansion of financial access. The contributors examine many dimensions of financial access, including: • Measuring financial access • Understanding the impact of expanded access • Examining alternative institutional models • Exploring new technologies and information infrastructure • Evaluating government policies toward outreach.
Author: Peter L. Rousseau
Publisher:
Published: 2017
Total Pages:
ISBN-13: 9781108167956
DOWNLOAD EBOOK →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.
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.
Author: Franklin Allen
Publisher: MIT Press
Published: 2000
Total Pages: 524
ISBN-13: 9780262011778
DOWNLOAD EBOOK →Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.
