Finance and Development
Finance and Development
$46.99
USDProgress towards economic and monetary union in Western Europe has highlighted the importance of regional policies, while events in Eastern Europe have focused attention on the role of finance in development and may lead to a substantial diversion of capital flows. This volume from the Centre for Economic Policy Research addresses the relationships between growth, convergence, and capital market imperfections. Theoretical papers shed light on the debates over the role of financial structure in economic development and the scope for government intervention to promote regional development. Highly topical empirical papers examine the relationship between international lending and economic development in a historical perspective; the experience of regional policies in the European Community, and of financial liberalization in high-growth East Asian economies; and the development of financial markets in Eastern Europe.
- CEPR title looking at the role of finance in economic growth in developed and developing countries
- Giovannini is an experienced editor of these volumes, and there is another impressive line-up of contributors (Krugman, Stiglitz, etc.)
- Wide geographical coverage in case studies: regional policy in EC, economic transformation in E. Europe, developing countries, and E. Asia
Product details
January 2008Paperback
9780521057561
380 pages
228 × 153 × 22 mm
0.623kg
22 b/w illus. 40 tables
Available
Table of Contents
- 1. Introduction Alberto Giovannini
- Part I. The Role of Finance in Economic Development:
- 2. International finance and economic development Paul Krugman
- 3. A theory of financial development Oren Sussman
- 4. Capital market imperfections and regional economic development Bruce C. Greenwald, Alec Levinson and Joseph E. Stiglitz
- 5. Convergence in the closed and in the open economy Daniel Cohen
- Part II.A. Case Studies - Financial Markets and Economic Development:
- 6. The role of finance in economic development in South Korea and Taiwan Yung Chul Park
- 7. Finance and development: the case of Southern Italy Riccardo Faini, Giampaolo Galli and Curzio Giannini
- Part II. B. Case Studies - Government Policies:
- 8. Macroeconomic control in liberalizing socialist economies: Asian and European parallels Ronald I. McKinnon
- 9. Regional imbalances and government compensatory financial flows: the case of Spain Juan Ramón Cuadrado, Guillermo de la Dehesa and Andres Precedo
- Part III. Development Finance:
- 10. Financing and development in Eastern Europe and the former Soviet Union: issues and institutional support Philippe Aghion and Robin Burgess
- 11. Overview Joseph E. Stiglitz.
