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Overview"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." Full Product DetailsAuthor: Rogerio Studart (Inter-American Development Bank, USA) , Victoria ChickPublisher: Taylor & Francis Ltd Imprint: Routledge Dimensions: Width: 13.80cm , Height: 1.70cm , Length: 21.60cm Weight: 0.430kg ISBN: 9780415108669ISBN 10: 0415108667 Pages: 250 Publication Date: 06 April 1995 Audience: College/higher education , General/trade , Tertiary & Higher Education , General Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPreface 1 Introduction 2 Finance and economic development: The dominance of the prior-saving argument 3 Departing from the prior-saving argument: Finance in a monetary production economy 4 Saving and financial markets in economic growth 5 Financial structures, financial development and economic development 6 From theory to evidence 7 Financial system and industrialisation in Brazil, 1947-66 8 The financial reforms and the ‘economic miracle’ 9 Towards the lost decade: The financial system in the imbalanced growth (1973-83) 10 ConclusionReviewsInvestment 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 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. <br>-Review of Political Economy, Vol 10 No 4, 1998 <br> 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 Author InformationRogkrio Studart is Associate Professor of Economics and Tutor of Undergraduate Studies at the Federal University of Rio de Janeiro. Tab Content 6Author Website:Countries AvailableAll regions |
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