UNU-WIDER Financial Development, Institutions, Growth and Poverty Reduction
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Financial Development, Institutions, Growth and Poverty Reduction
“This is a considerable work, devoted to the key question of development: how the financial and banking sector can promote necessary and important measures of poverty reduction in developing countries. The financial sector is central to the system-forming element of any type of economy and upon its successful workings depend the efficient functioning of the economy as a whole and economic growth in each country. The experiences of countries in Eastern Europe, Africa, Central and Southern Asia detailed in this book give the reader a full perceptive view of the situation in countries where decisions are being made to orient economic growth and the financial sector towards reducing poverty levels. This book will be useful not only for researchers, but also for financiers and bankers, as well as for teachers and students of economics at college and university.” — Zebigul Zaripova, Senior Scientific Researcher, Institute of Economic Studies, Ministry of the Economy of the Republic of Tajikistan
"This is an excellent book that richly enhances our understanding of the complex relationship between financial development, institutions, growth and poverty reduction in low income and transition countries" —Chibuike U. Uche, Professor of Banking and Financial Institutions, and Dean Faculty of Business Administration, University of Nigeria
- Publisher:
- Palgrave Macmillan
- Series:
- Studies in Development Economics and Policy
- Title:
- Financial Development, Institutions, Growth and Poverty Reduction
- Authors:
- Edited by Basudeb Guha-Khasnobis and George Mavrotas
- Publication date:
- April 2008
- ISBN 13 Print:
- 9780230201774
- Copyright holder:
- © UNU-WIDER
- Copyright year:
- 2008
- Keywords:
- finance, development, institutions, growth, poverty
- JEL:
- F3, F33, O19
- Project:
- Financial Sector Development for Growth and Poverty Reduction
- Format:
- hardback book
- "The finance growth nexus was well established in the research literature during the 1990s. Research has since turned to a closer look at the transmission mechanism that explains how deepening financial institutions affect the economy. That research started with a closer look at institutions and studies of entrepreneurship and patterns of corporate finance. The influence of financial deepening on the experience of individuals, particularly the poor, was overlooked until now. This volume of essays brings our attention to the implications of the finance growth nexus on the distribution of income and the incidence of poverty. It opens important new doors for future research on the importance of financial institutional development." —Paul Wachtel, Stern School of Business, New York University
- “This remarkable book collects a well-coordinated group of authors from different fields of economics who use various theoretical and applied research approaches and methods to analyse an important topic that, in spite of much scholarly and operational effort, is still rather blurred. The book addresses in a competent and novel way the relation between financial development and institutions and the transmission channel through which the financial sector influences investment behaviour and hence growth and poverty reduction in developing and transition countries.” — Bruno Dallago, Professor of Economic Policy, and Director, Graduate School on Local Development, University of Trento