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Palgrave Macmillan

Domestic Resource Mobilization and Financial Development

ISBN 9780230253421
Publication Date
Formats Ebook (EPUB) Hardcover Ebook (PDF) 
Publisher Palgrave Macmillan
Series Studies in Development Economics and Policy

This significant and timely volume offers crucial insights into the constantly evolving debate within the international development community regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard. This book explores various aspects of the financial development–domestic resource mobilization nexus, including detailed case studies from Africa (including Ethiopia, Morocco and Zambia) and Asia (including China, South Korea and Vietnam), and applicable policy lessons. The contributions, from leading experts in the area of finance and development, strike a fine balance between theory, evidence and policy. The book is an indispensable companion for professionals and policymakers engaged in reforms in this area, and is also a vital reference source for students on undergraduate and graduate courses in development, finance and economics.

GEORGE MAVROTAS is the Chief Economist of the Global Development Network. Previously he was a fellow and project director at UNU-WIDER and on the economics faculties of the Universities of Oxford and Manchester. He has published extensively in journals and books on development economics and development finance, including Commodity Supply Management by Producing Countries, Advancing Development: Core Themes in Global Economics, Financial Development, Institutions, Growth and Poverty Reduction, and the forthcoming Development Finance in the Global Economy: The Road Ahead.

Domestic Resource Mobilization and Financial Development: Introduction; G.Mavrotas
Stock Market Development and Economic Growth; S.Capasso
Financial Development and Growth: Evidence from Panel Data Models; G.Mavrotas& S-I.Son
Excess Credit and the South Korean Crisis; P.DemetriadesB.Fattouh
Financial Sector Development and Growth: The Chinese Experience; I.Hasan& M.Zhou
Institutional Analysis of Financial Market Fragmentation in Sub-Saharan Africa: A Risk-Cost Configuration Approach; M.Nissanke& E.Aryeetey
Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco; M.Baliamoune-Lutz
The Structure and Performance of Ethiopia's Financial Sector in the Pre- and Post Reform Periods; A.Geda
Financial Sector Development in Zambia: Implications for Domestic Resource Mobilization; S.Maimbo& G.Mavrotas
The Determinants of Loan Contracts to Business Firms: Empirical Evidence from a Private Bank in Vietnam; P.T.T.Trà& R.Lensink

ERNEST ARYEETEY  Professor of Economics and Director of the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, Legon
MINA BALIAMOUNE-LUTZ  Associate Professor of Economics, University of North Florida, USA
SALVATORE CAPASSO  Associate Professor of Economics, University of Naples, 'Parthenope', Italy
PANICOS DEMETRIADES  Professor of Financial Economics, Department of Economics, University of Leicester, UK
BASSAM FATTOUH  Reader in Finance and Management, School of Oriental and African Studies, University of London, UK; Senior Research Fellow at the Oxford Institute for Energy Studies, UK
ALEMAYEHU GEDA  Associate Professor, Department of Economics, Addis Ababa University; Researcher, African Economic Research Consortium, Economic Commission for Africa and University of London, SOAS, UK
IFTEKHAR HASAN  Cary L. Wellington Professor of Finance, Rensselaer Polytechnic Institute, USA; Scientific Advisor, Central Bank of Finland; Visiting Scholar, Federal Reserve Bank of Atlanta, USA; Research Fellow, Berkley Center of Entrepreneurial Studies at the Stern School of Business, New York University, USA
ROBERT LENSINK  Professor in Finance and Financial Markets, University of Groningen, Netherlands
SAMUEL MUNZELE MAIMBO  Senior Financial Sector Specialist, Africa Finance and Private Sector Unit, World Bank
MACHIKO NISSANKE  Professor of Economics, School of Oriental and African Studies (SOAS), University of London, UK
SANG-IK SON  Deputy Director, Statistical Research Institute, Korea National Statistical Office, South Korea
PHAM THI THU TRÀ  Lecturer, Cantho University, Vietnam
MINGMING ZHOU  Assistant Professor of Finance, University of Alaska – Fairbanks, USA

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'The UNU-WIDER Studies in Development Economics and Policy series have over recent years developed into a must read for anyone interested in sound policy advice for fighting global poverty. A central cornerstone of robust development is to mobilise sufficient domestic resources and to make them accessible to all. Domestic Resource Mobilization and Financial Development guides the reader toward valuable theory and field lessons on how to mobilise, intermediate and allocate savings through inclusive financial sectors.'- Helmut Reisen, Head of Research, OECD Development Centre
'Financial markets are changing in the developing world. This book offers an insightful resource for critical understanding of the state and evolution of these markets.'- Stefan Dercon, University of Oxford
'The African Economic Research Consortium (AERC) is pleased to add its voice in support of this volume. AERC has long recognized the important role of these two complementary issues in economic growth that helps the poor. Over our 20-year history, resource mobilization and financial sector issues have in one form or other always been among the selection of themes that guide our thematic research modality, while financial sector reform was the specific theme of one of our earliest Senior Policy Seminars, annual gatherings of top policy makers in the continent. On the other hand, domestic resource mobilization has been the topic of two more recent Senior Policy Seminars. Because both research and seminar themes are specifically chosen to reflect policy makers' own demands and concerns, we know that these issues are high on the policy agenda and we are confident that this book will be extremely useful to the policy community.'- William M. Lyakurwa, Executive Director, African Economic Research Consortium
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