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Investment Finance in Economic Development - Rogerio Studart

Investment Finance in Economic Development

Hardcover Published: 16th July 2005
ISBN: 9780415108669
Number Of Pages: 256

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As 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. Presenting a post-Keynesian approach to the role of banks, financial markets and savings in economic development, the book 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. 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.

Industry Reviews

""Investment and Finance in Economic Development is an important contribution to the study of financial markets and institutions in developing economies, and constitutes a useful alternative to mainstream thinking in that field. Studart's concept of functionality is an "innovative idea that, no doubt, will contribute to our further understanding of the relation." -Review of Political Economy, Vol 10 No 4, 1998

Forewordp. viii
Prefacep. xi
Acknowledgementsp. xiii
List of Abbreviationsp. xv
Introductionp. 1
Finance and Economic Developmentp. 5
Departing from the Prior-Saving Argumentp. 26
Saving and Financial Markets in Economic Growthp. 47
Financial Structures, Financial Development and Economic Developmentp. 63
From Theory to Evidencep. 77
Financial System and Industrialisation in Brazil, 1947-66p. 93
The Financial Reforms and the 'Economic Miracle'p. 116
Towards the Lost Decadep. 140
Conclusionp. 170
Notesp. 178
Statistical Appendixp. 195
Bibliographyp. 217
Indexp. 227
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415108669
ISBN-10: 0415108667
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 256
Published: 16th July 2005
Country of Publication: GB
Dimensions (cm): 22.86 x 14.61  x 1.91
Weight (kg): 0.39
Edition Number: 1

Earn 924 Qantas Points
on this Book