Investment Finance in Economic Development

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A01=Rogerio Studart
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Author_Rogerio Studart
banking sector development
Category=KCBM
Category=KCM
Competitive Stimulus
economies
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eq_business-finance-law
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eq_nobargain
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External Saving
financial
Financial Fragility
financial liberalisation effects
Financial Repression
financial stability growth
fragility
German Universal Banks
Hold
Inter-temporal Preferences
interest
Keynes
Keynes's Liquidity Preference Theory
Keynes’s Liquidity Preference Theory
LDCs
liquidity
Liquidity Preferences
Loanable Funds
Loanable Funds Theory
Military Junta
monetary
monetary production economy
Pa Rti
Pe Rc
post-Keynesian economics
post-Keynesian Perspective
post-Keynesian Theory
preference
Private Financial Sector
production
repression
role of banks in development
savings mobilisation
Simple Model
system
Ta Ge
Working Capital
Ye Ar

Product details

  • ISBN 9780415108669
  • Weight: 430g
  • Dimensions: 138 x 216mm
  • Publication Date: 06 Apr 1995
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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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. 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.

Rogkrio Studart is Associate Professor of Economics and Tutor of Undergraduate Studies at the Federal University of Rio de Janeiro.

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