Investment Finance in Economic Development
Book Details
Format
Hardback or Cased Book
ISBN-10
0415108667
ISBN-13
9780415108669
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Apr 6th, 1995
Print length
250 Pages
Weight
430 grams
Product Classification:
Monetary economicsDevelopment economics & emerging economies
Ksh 29,700.00
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Challenging the view that `financial liberalization' is the only way to stimulate economic development, Studart argues that banks have a wider, more active role in the process of investment finance and growth.
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. 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.
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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