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Finance and Development - Surveys of Theory, Evidence and Policy (Paperback)
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Finance and Development - Surveys of Theory, Evidence and Policy (Paperback)
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In the last two decades, the role of finance in the development
process has become a major topic of research and debate. Although
it is widely agreed that there is an important link between the
two, there is much less consensus on the exact nature of the
relationship. Is financial development a prerequisite for general
economic development, or is it a more passive by-product of the
development process? In this valuable new book, a distinguished
group of authors takes stock of the existing state of knowledge in
the field of finance and the development process. Each chapter
offers a comprehensive survey and synthesis of current issues.
These include such critical subjects as savings, financial markets
and the macroeconomy, stock market development, financial
regulation, foreign investment and aid, financing livelihoods,
microfinance, rural financial markets, small and medium
enterprises, corporate finance and banking. This book will be
accessible to postgraduate and advanced undergraduate students of
finance and development. It will also be an essential reference
source for all professionals and academics working in this area who
want to learn how finance can contribute to the development process
and poverty reduction.
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