Author: Edward S. Shaw
Publisher: Oxford University Press, USA
ISBN: 9780195016338
Category : Developing countries
Languages : en
Pages : 260

Get Book Here

Book Description

Author: Edward Stone Shaw
Publisher: New York : Oxford University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

Get Book Here

Book Description
Monograph on the role of financial deepening in economic development, or the accumulation of financial assets at a pace faster than accumulation of nonfinancial wealth, through focus on the liberalization of financial markets - discusses classical economic theories regarding capital formation, advocates coordination of financial policy and fiscal policy reforms to deepen finance, and examines effects on the foreign exchange market, trade, capital flows, etc. References.

Author: John E. Udo Ndebbio
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 44

Get Book Here

Book Description

Author: Ms.Ratna Sahay
Publisher: International Monetary Fund
ISBN: 1475570198
Category : Business & Economics
Languages : en
Pages : 41

Get Book Here

Book Description
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.

Author: Ratna Sahay
Publisher:
ISBN: 9781475569957
Category : Economic development
Languages : en
Pages : 41

Get Book Here

Book Description
"Financial development increases a country's resilience and boosts economic growth. It mobilizes savings, promotes information sharing, improves resource allocation, and facilitates diversification and management of risk. It also promotes financial stability to the extent that deep and liquid financial systems with diverse instruments help dampen the impact of shocks. But is there a point beyond which the benefits of financial development begin to decline and costs start to rise, and have emerging markets (EMs) reached these limits? This paper takes stock of where EMs are on the stability-growth tradeoff that financial development entails, and considers whether there is further scope for financial development, and how EMs can secure a safe process of financial development."--Executive summary.

Author: Paul Wachtel
Publisher:
ISBN:
Category :
Languages : en
Pages : 31

Get Book Here

Book Description
There have been profound changes in both political and economic institutions in China over the last twenty years. Moreover, the pace of transition has led to variation across the country in the level of development. In this paper, we use panel data for the Chinese provinces to study the role of legal institutions, financial deepening and political pluralism on growth rates. The most important institutional developments for a transition economy are the emergence and legalization of the market economy, the establishment of secure property rights, the growth of a private sector, the developmentof financial sector institutions and markets, and the liberalization of political institutions. We develop measures of these phenomena, which are used as explanatory variables in regression models to explainprovincial GDP growth rates. Our evidence suggests that the development of financial markets, legal environment, awareness of property rights and political pluralism are associated with stronger growth.

Author: Thorsten Beck
Publisher: Edward Elgar Publishing
ISBN: 1785360515
Category : Business & Economics
Languages : en
Pages : 615

Get Book Here

Book Description
This Handbook provides a comprehensive overview of the relationship between financial and real sector development. The different chapters, written by leading contributors in the field, survey research on the importance of financial development for economic growth, the causes and consequences of financial fragility, the historic development of financial systems in several major economies and regions of the world, and the regulatory and supervisory underpinnings of financial sector development.

Author: Basudeb Guha-Khasnobis
Publisher: Springer
ISBN: 0230594026
Category : Business & Economics
Languages : en
Pages : 337

Get Book Here

Book Description
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.

Author: Iftekhar Hasan
Publisher:
ISBN: 9789524628327
Category : China
Languages : en
Pages : 27

Get Book Here

Book Description
Tiivistelmä.

Author: Boris Pleskovic
Publisher: World Bank Publications
ISBN: 9780821343210
Category : Political Science
Languages : en
Pages : 428

Get Book Here

Book Description
The 1998 Annual World Bank Conference on Development Economics, the tenth anniversary, was held at the Bank on April 20-21, 1998. The discussions focused on four areas of inquiry:1) the role of geography in countries'success, 2) the role of effective competition and regulatory policies, 3) the causes of financial crises and ways to prevent them, and 4) the effects of ethnic diversity on democracy and growth. The welcoming address by World Bank President James D. Wolfensohn, the opening remarks by chief Economist Joseph Stiglitz, and the tenth anniversary address by the International Monetary Fund Deputy Managing Director Stanley Fischer all focused both on the role of the conference and on the changing perspectives for development.