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Financial Development and Economic Growth
 
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Financial Development and Economic Growth
Explaining the Links
 
 
Palgrave Macmillan
 
 
 
 
 
14 Jun 2004
|
£80.00
|Hardback Print on Demand
  
9781403920669
||
 
 
eBooks ebook available via library subscriptions ebook on ebooks.com 
 
 


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DescriptionContentsAuthors

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.


Description

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.


Contents

Financial Development, Growth and Poverty: How Close are the Links?; P.Honohan
Finance and Growth: What We Know and What We Need to Know; P.Demetriades & S.Andrianova
Competition in the Financial Sector and Growth: A Cross-Country Perspective; S.Claessens & L.Laeven
The Great Divide and Beyond: Financial Architecture in Transition; E.Berglof & P.Bolton
Microfinance: Where Do We Stand?; B.Armendáriz & J.Morduch
Financial Development, Institutional Investors and Economic Performance; E.P.Davis
Money, Stability and Growth; C.A.E.Goodhart


Authors

CHARLES A. E. GOODHART is Deputy Director of the Financial Markets Group at the London School of Economics, UK. Until his retirement in 2002, he had been the Norman Sosnow Professor of Banking and Finance at London School of Economics and Political Science since 1985. He has written numerous articles and books on financial markets and monetary policy.