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Author : Peter L. Rousseau,Paul Wachtel
Publisher : Cambridge University Press
Page : 309 pages
File Size : 46,8 Mb
Release : 2017-09
Category : Business & Economics
ISBN : 9781107141094
This volume presents essays that take a historical look at aspects of the finance-growth nexus.
Author : Thorsten Beck
Publisher : World Bank Publications
Page : 43 pages
File Size : 45,5 Mb
Release : 2006
Category : Capital market
ISBN : 8210379456XXX
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,Ross Levine
Publisher : MIT Press
Page : 452 pages
File Size : 54,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262541793
CD-ROM contains: World Bank data.
Author : Mr. Ross Levine
Publisher : International Monetary Fund
Page : 80 pages
File Size : 41,9 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513583365
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
Page : 82 pages
File Size : 45,6 Mb
Release : 2008
Category : Access to Finance
ISBN : 8210379456XXX
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 : Peter L. Rousseau
Publisher : Unknown
Page : 128 pages
File Size : 44,8 Mb
Release : 2017
Category : Electronic
ISBN : 1108167950
Author : Ross Levine
Publisher : World Bank Publications
Page : 84 pages
File Size : 44,9 Mb
Release : 2024-06-27
Category : Electronic
ISBN : 8210379456XXX
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.
Author : Stephan Haggard,Chung H. Lee
Publisher : Unknown
Page : 288 pages
File Size : 47,9 Mb
Release : 1995
Category : Asia
ISBN : UOM:39076001631725
Using new theoretical insights and cumulative empirical evidence, editors Stephan Haggard and Chung H. Lee question the wisdom of a free-market system where financial markets are concentrated and lack prudent supervision.
Author : C. Goodhart
Publisher : Springer
Page : 221 pages
File Size : 54,7 Mb
Release : 2004-06-13
Category : Business & Economics
ISBN : 9780230374270
The most successful economies have the best working financial markets. While causation obviously runs in both directions, current research has increasingly emphasized the role of finance in promoting growth. Here seven leading financial economists explore the links between financial development and growth. The book seeks to answer the question of the role of finance in promoting sustainable growth and in the reduction of poverty, for example via micro-financial institutions.
Author : Franklin Allen,Douglas Gale
Publisher : MIT Press
Page : 524 pages
File Size : 55,9 Mb
Release : 2000
Category : Business & Economics
ISBN : 0262011778
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.
Author : John Zysman
Publisher : Cornell University Press
Page : 364 pages
File Size : 52,5 Mb
Release : 1983
Category : Business & Economics
ISBN : 0801492521
Zysman demonstrates that there is a direct relationship between a nation's financial system and its government's ability to restart the growth engine.
Author : Michael S. Barr,Anjali Kumar,Robert E. Litan
Publisher : Rowman & Littlefield
Page : 208 pages
File Size : 43,9 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780815708407
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 : Management Association, Information Resources
Publisher : IGI Global
Page : 991 pages
File Size : 47,9 Mb
Release : 2019-12-06
Category : Social Science
ISBN : 9781799812081
One of the major tools of attaining proper development all around the world is creating wealth and economic inclusion, such that all classes of people can secure their lifestyles through access to financial services from formal sectors. Expanding access to resources and increasing self-employment opportunities help reduce poverty and improve social development. Wealth Creation and Poverty Reduction: Breakthroughs in Research and Practice examines trends, challenges, issues, and strategies related to the creation of livelihood options through the redistribution of resources, foreign aid, private sector activities, and other methods. Highlighting a range of topics such as microfinance, poverty alleviation, and socio-economic development, this publication is an ideal reference source for government officials, policymakers, executives, economists, analysts, researchers, academicians, professionals, and students interested in wealth creation in areas of extreme poverty.
Author : Thorsten Beck
Publisher : Unknown
Page : 35 pages
File Size : 55,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703752
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 : Niels Hermes,Robert Lensink
Publisher : Routledge
Page : 381 pages
File Size : 53,6 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781135635442
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.
