{"product_id":"investment-finance-in-economic-development","title":"Investment Finance in Economic Development","description":"\u003cp\u003eAs 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 \u003cem\u003ethe\u003c\/em\u003e means to stimulate economic development.\u003cbr\u003e\u003cem\u003eInvestment Finance in Economic Development\u003c\/em\u003e 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 \u003cem\u003eloci\u003c\/em\u003e of allocation of financial savings, are shown to have an important role in supporting financial stability during the process of growth.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54235781431640,"sku":"9780415108669","price":204.6,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780415108669_6d3ffb28-a95b-4522-aada-b566462b76a2.jpg?v=1777267849","url":"https:\/\/agendabookshop.com\/products\/investment-finance-in-economic-development","provider":"Agenda Bookshop","version":"1.0","type":"link"}