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Investment Finance in Economic Development
By
Victoria Chick and
Rogerio Studart
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Bibliographic Detail
Publisher
Routledge
Publication date
May 1, 1995
Binding
Hardcover
Book category
Adult Non-Fiction
ISBN-13
9780415108669
ISBN-10
0415108667
Dimensions
0.75 by 5.75 by 9 in.
Weight
0.85 lbs.
Published in
Great Britain
Original list price
$185.00
Summaries and Reviews
Amazon.com description: Product Description: 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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