Financial Development and Industrial Capital Accumulation

Download Financial Development and Industrial Capital Accumulation PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Financial Development and Industrial Capital Accumulation by : Biagio Bossone

Download or read book Financial Development and Industrial Capital Accumulation written by Biagio Bossone and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.

Financial Development and Industrial Capital Accumulation

Download Financial Development and Industrial Capital Accumulation PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Financial Development and Industrial Capital Accumulation by : Biagio Bossone

Download or read book Financial Development and Industrial Capital Accumulation written by Biagio Bossone and published by . This book was released on 2016 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be weakened later - at the expense of bank rents - to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.In an economy where decisions are decentralized and made under conditions of uncertainty, the financial system can be seen as the complex of institutions, infrastructure, and instruments that society adopts to minimize the costs of trading promises when agents have incomplete trust and limited information.Building on a microeconomic general equilibrium model that portrays such fundamental financial functions, Bossone shows that, in line with recent empirical evidence, the development of financial infrastructure stimulates greater and more efficient capital accumulation.He also shows that economies with more developed financial infrastructure can more easily absorb exogenous shocks to output.The results call for addressing a crucial issue in the sequencing of reform in the financial sector: early in development, banks provide essential financial infrastructure services as part of their exclusive relationships with borrowers. Further economic development requires that such services be provided extrinsically to the bank-borrower relationship, clearly at the expense of bank rents.There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but to be weakened later - at the expense of bank rents - to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.This paper - a product of the Financial Economics Unit, Financial Sector Practice Department - is part of a larger effort in the department to study the links between financial sector and economic development and improve financial sector reform policies.

Economic Growth and Financial Development

Download Economic Growth and Financial Development PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030790037
Total Pages : 245 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Economic Growth and Financial Development by : Muhammad Shahbaz

Download or read book Economic Growth and Financial Development written by Muhammad Shahbaz and published by Springer Nature. This book was released on 2021-09-21 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Financial Development and Economic Growth

Download Financial Development and Economic Growth PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Financial Development and Economic Growth by : Ross Levine

Download or read book Financial Development and Economic Growth written by Ross Levine and published by World Bank Publications. This book was released on with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Finance and Growth

Download Finance and Growth PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Finance and Growth by : Ross Levine

Download or read book Finance and Growth written by Ross Levine and published by . This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website

Financial Infrastructure, Group Interests, and Capital Accumulation

Download Financial Infrastructure, Group Interests, and Capital Accumulation PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1451844166
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!


Book Synopsis Financial Infrastructure, Group Interests, and Capital Accumulation by : Mr.Biaggio Bossone

Download or read book Financial Infrastructure, Group Interests, and Capital Accumulation written by Mr.Biaggio Bossone and published by International Monetary Fund. This book was released on 2003-02-28 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents a theory of financial infrastructure - or the set of rules, institutions, and systems within which agents carry out financial transactions. It investigates the effects of financial infrastructure development on financial architecture and real capital accumulation, taking into account financial-sector special interests. It shows that a more developed infrastructure promotes financial market growth, reduces the scope of traditional banking, and helps investors make more efficient investment decisions. The theory presented explains why traditional banking predominates in the early stages of economic development and becomes relatively less important as the economy develops, and why banks may retard financial sector development. The study provides evidence in support of its predictions.

Capital Fundamentalism, Economic Development, and Economic Growth

Download Capital Fundamentalism, Economic Development, and Economic Growth PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Capital Fundamentalism, Economic Development, and Economic Growth by : Robert Graham King

Download or read book Capital Fundamentalism, Economic Development, and Economic Growth written by Robert Graham King and published by World Bank Publications. This book was released on 1994 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.

Finance, Financial Sector Policies, and Long-run Growth

Download Finance, Financial Sector Policies, and Long-run Growth PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Finance, Financial Sector Policies, and Long-run Growth by : Asli Demirguc-Kunt

Download or read book Finance, Financial Sector Policies, and Long-run Growth written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2008 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Money and Capital in Economic Development

Download Money and Capital in Economic Development PDF Online Free

Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815718497
Total Pages : 197 pages
Book Rating : 4.8/5 (157 download)

DOWNLOAD NOW!


Book Synopsis Money and Capital in Economic Development by : Ronald I. McKinnon

Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Capital in the American Economy

Download Capital in the American Economy PDF Online Free

Author :
Publisher : Princeton University Press
ISBN 13 : 1400879728
Total Pages : 694 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!


Book Synopsis Capital in the American Economy by : Simon Smith Kuznets

Download or read book Capital in the American Economy written by Simon Smith Kuznets and published by Princeton University Press. This book was released on 2015-12-08 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of long-term trends in capital formation and financing in the U.S., this study is organized primarily around the principal capital-using sectors of the economy: agriculture, mining and manufacturing, public utilities, non-farm residential real estate, and government. The analysis summarizes major trends in real capital formation and financing, and the factors that determined the trends. Originally published in 1961. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Capital, Accumulation, and Money

Download Capital, Accumulation, and Money PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9780792377818
Total Pages : 288 pages
Book Rating : 4.3/5 (778 download)

DOWNLOAD NOW!


Book Synopsis Capital, Accumulation, and Money by : Lester D. Taylor

Download or read book Capital, Accumulation, and Money written by Lester D. Taylor and published by Springer Science & Business Media. This book was released on 2000 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth."--BOOK JACKET.

Capital Accumulation and Economic Development

Download Capital Accumulation and Economic Development PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.:/5 (43 download)

DOWNLOAD NOW!


Book Synopsis Capital Accumulation and Economic Development by : Shanti S. Tangri

Download or read book Capital Accumulation and Economic Development written by Shanti S. Tangri and published by . This book was released on 1967 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Multisector Growth Models

Download Multisector Growth Models PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0387773584
Total Pages : 333 pages
Book Rating : 4.3/5 (877 download)

DOWNLOAD NOW!


Book Synopsis Multisector Growth Models by : Terry L. Roe

Download or read book Multisector Growth Models written by Terry L. Roe and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.

Financial Development and Economic Growth

Download Financial Development and Economic Growth PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Financial Development and Economic Growth by : Ross Levine

Download or read book Financial Development and Economic Growth written by Ross Levine and published by . This book was released on 2016 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1996A growing body of theoretical and empirical work would push even skeptics toward the belief that the development of financial markets and institutions is critical to economic growth, rather than a sideshow or a passive response to growth.Levine argues that the preponderance of theoretical reasoning and empirical evidence suggests a positive, first-order relationship between financial development and economic growth. There is even evidence that the level of financial development is a good predictor of future rates of economic growth, capital accumulation, and technological change.Moreover, cross-country, case-study, industry-level, and firm-level analyses document extensive periods when financial development (or the lack thereof) crucially affects the speed and pattern of economic development.Levine explains what the financial system does and how it affects, and is affected by, economic growth. Theory suggests that financial instruments, markets, and institutions arise to mitigate the effects of information and transaction costs. A growing literature shows that differences in how well financial systems reduce information and transaction costs influence savings rates, investment decisions, technological innovation, and long-run growth rates.A less developed theoretical literature shows how changes in economic activity can influence financial systems.Without minimizing the role of institutions, Levine advocates a functional approach to understanding the role of financial systems in economic growth. This approach focuses on the ties between growth and the quality of the functions provided by the financial system. Levine discourages a narrow focus on one financial instrument, such as money, or a particular institution, such as banks. Instead, he addresses the more comprehensive, and difficult question: What is the relationship between financial structure and the functioning of the financial system?More research is needed on financial development. Why does financial structure change as countries grow, for example? Why do countries at similar stages of economic development have different looking financial systems? Are there long-run economic growth advantages to adopting legal and policy changes that create one type of financial structure rather than another?This paper is a product of the Finance and Private Sector Development Division, Policy Research Department.

The Accumulation of Capital

Download The Accumulation of Capital PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 0230306667
Total Pages : 463 pages
Book Rating : 4.2/5 (33 download)

DOWNLOAD NOW!


Book Synopsis The Accumulation of Capital by : J. Robinson

Download or read book The Accumulation of Capital written by J. Robinson and published by Springer. This book was released on 2016-11-09 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this classic work Joan Robinson goes back to the beginning and works out the basic theory that is needed for a coherent treatment of the problems that present themselves in a developing economy. This new edition features a new introduction, which discusses the great significance of Robinson's work.

Equity Markets, Transaction Costs, and Capital Accumulation

Download Equity Markets, Transaction Costs, and Capital Accumulation PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Equity Markets, Transaction Costs, and Capital Accumulation by : Valerie R. Bencivenga

Download or read book Equity Markets, Transaction Costs, and Capital Accumulation written by Valerie R. Bencivenga and published by World Bank Publications. This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Development and Economic Growth: Views and Agenda

Download Financial Development and Economic Growth: Views and Agenda PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)

DOWNLOAD NOW!


Book Synopsis Financial Development and Economic Growth: Views and Agenda by : Ross Levine

Download or read book Financial Development and Economic Growth: Views and Agenda written by Ross Levine and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1996 A growing body of theoretical and empirical work would push even skeptics toward the belief that the development of financial markets and institutions is critical to economic growth, rather than a sideshow or a passive response to growth. Levine argues that the preponderance of theoretical reasoning and empirical evidence suggests a positive, first-order relationship between financial development and economic growth. There is even evidence that the level of financial development is a good predictor of future rates of economic growth, capital accumulation, and technological change. Moreover, cross-country, case-study, industry-level, and firm-level analyses document extensive periods when financial development (or the lack thereof) crucially affects the speed and pattern of economic development. Levine explains what the financial system does and how it affects, and is affected by, economic growth. Theory suggests that financial instruments, markets, and institutions arise to mitigate the effects of information and transaction costs. A growing literature shows that differences in how well financial systems reduce information and transaction costs influence savings rates, investment decisions, technological innovation, and long-run growth rates. A less developed theoretical literature shows how changes in economic activity can influence financial systems. Without minimizing the role of institutions, Levine advocates a functional approach to understanding the role of financial systems in economic growth. This approach focuses on the ties between growth and the quality of the functions provided by the financial system. Levine discourages a narrow focus on one financial instrument, such as money, or a particular institution, such as banks. Instead, he addresses the more comprehensive, and difficult, question: What is the relationship between financial structure and the functioning of the financial system? More research is needed on financial development. Why does financial structure change as countries grow, for example? Why do countries at similar stages of economic development have different looking financial systems? Are there long-run economic growth advantages to adopting legal and policy changes that create one type of financial structure rather than another? This paper is a product of the Finance and Private Sector Development Division, Policy Research Department.