Investment Finance in Economic Development: 1st Edition (Hardback) book cover

Investment Finance in Economic Development

1st Edition

By Rogerio Studart


256 pages

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Hardback: 9780415108669
pub: 1995-04-06
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eBook (VitalSource) : 9780429229565
pub: 1995-04-06
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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.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General