Financial Deepening in Economic Development

Financial Deepening in Economic Development
Author: Edward S. Shaw
Publisher: Oxford University Press, USA
Total Pages: 260
Release: 1973-01-01
Genre: Developing countries
ISBN: 9780195016338

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Financial Development and Economic Growth

Financial Development and Economic Growth
Author: Niels Hermes
Publisher: Routledge
Total Pages: 382
Release: 2013-04-15
Genre: Business & Economics
ISBN: 113563551X

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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.

Financial Development, Institutions, Growth and Poverty Reduction

Financial Development, Institutions, Growth and Poverty Reduction
Author: Basudeb Guha-Khasnobis
Publisher: Springer
Total Pages: 337
Release: 2008-04-01
Genre: Business & Economics
ISBN: 0230594026

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This book explores country case studies and works that detail the exact transmission mechanisms through which financial development can enhance pro-poor development in order to derive best practices in this field. This is an important companion for professionals and policymakers, and also a vital reference source for students.

Finance and Economic Growth in Developing Countries

Finance and Economic Growth in Developing Countries
Author: K. L. Gupta
Publisher:
Total Pages: 0
Release: 2010-11-26
Genre: Developing countries
ISBN: 9780415595490

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First published in 1984, this study analyses contemporary research into the role of financial development as a means of accelerating the economic growth of developing countries. The author analyses both the âe~financial structuralistâe(tm) and âe~financial repressionistâe(tm) schools of thought in order to determine both the direction of causality between financial and real growth and the accuracy of the repressionistsâe(tm) assertion that real interest rates and their stability do matter in the economies of developing countries.

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Author: Mr.Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 35
Release: 2019-03-25
Genre: Business & Economics
ISBN: 1498303560

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This paper contributes to the literature by looking at the possible relevance of the structure of the financial system—whether financial intermediation is performed through banks or markets—for macroeconomic volatility, against the backdrop of increased policy attention on strengthening growth resilience. With low-income countries (LICs) being the most vulnerable to large and frequent terms of trade shocks, the paper focuses on a sample of 38 LICs over the period 1978-2012 and finds that banking sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades away as economies grow richer. Stock market development, by contrast, appears neither to be a shock-absorber nor a shock-amplifier for most economies. These findings are consistent across a range of econometric estimators, including fixed effect, system GMM and local projection estimates.

Finance and Economic Development

Finance and Economic Development
Author: Asl? Demirgüç-Kunt
Publisher: World Bank Publications
Total Pages: 55
Release: 2006
Genre: Desarrollo economico
ISBN:

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" The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments play an important role in building effective financial systems and discusses different policy options to make finance work for development."--World Bank web site.

How Financial Markets Affect Long-run Growth

How Financial Markets Affect Long-run Growth
Author: Ejaz Ghani
Publisher: World Bank Publications
Total Pages: 34
Release: 1991
Genre: Economic development
ISBN:

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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.

Mother, Can I Trust the Government? Sustained Financial Deepening

Mother, Can I Trust the Government? Sustained Financial Deepening
Author: Ms.Genevieve Verdier
Publisher: International Monetary Fund
Total Pages: 44
Release: 2010-09-01
Genre: Business & Economics
ISBN: 1455205419

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Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions.

Finance, Growth, and Public Policy

Finance, Growth, and Public Policy
Author: Mark Gertler
Publisher: World Bank Publications
Total Pages: 50
Release: 1991
Genre: Crecimiento economico
ISBN:

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A thriving financial market depends not only on a prudent regulatory regime but also on having enough creditworthy borrowers. Policies in the real sector- macroeconomic, public finance, and trade policies- that directly stimulate growth and stability should be pursued in concert with financial reform.