Investment Finance in Economic Development
By (author) Rogerio Studart
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Investment Finance in Economic Development by Rogerio Studart
Book DescriptionAs a result of the liberalization of the 1980s, the financial system has acquired a prominent role in developing economies. It is now conventional wisdom that 'financial liberalization' is the means to stimulate economic development. Investment Finance in Economic Development challenges this assumption and offers an alternative view. The book presents a post-Keynesian approach to the role of banks, financial markets and savings in economic development. It departs from the conventional belief that financial institutions are mere intermediaries between savers and investors, to show that banks have a key, active role in the process of investment finance and growth. Further, financial markets, as the loci of allocation of financial savings, are shown to have an important role in supporting financial stability during the process of growth.
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Book DetailsISBN: 9780415108669
(216mm x 138mm x 17mm)
Publisher: Taylor & Francis Ltd
Publish Date: 6-Apr-1995
Country of Publication: United Kingdom
Books By Author Rogerio Studart
Finance for Development, Paperback (November 2005)» View all books by Rogerio Studart
Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financial sector, Barbara Stallings and Rogerio Studart examine the dramatic changes resulting from financial liberalization in the region.
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