Synopses & Reviews
This book provides insights into the evolving debate regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard, exploring aspects of the financial development-domestic resource mobilization nexus, including country case studies.
Synopsis
This significant and timely volume offers crucial insights into the constantly evolving debate within the international development community regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard. This book explores various aspects of the financial development-domestic resource mobilization nexus, including detailed case studies from Africa (including Ethiopia, Morocco and Zambia) and Asia (including China, South Korea and Vietnam), and applicable policy lessons. The contributions, from leading experts in the area of finance and development, strike a fine balance between theory, evidence and policy. The book is an indispensable companion for professionals and policymakers engaged in reforms in this area, and is also a vital reference source for students on undergraduate and graduate courses in development, finance and economics.
About the Author
GEORGE MAVROTAS is the Chief Economist of the Global Development Network. Previously he was a fellow and project director at UNU-WIDER and on the economics faculties of the Universities of Oxford and Manchester. He has published extensively in journals and books on development economics and development finance, including Commodity Supply Management by Producing Countries, Advancing Development: Core Themes in Global Economics, Financial Development, Institutions, Growth and Poverty Reduction, and the forthcoming Development Finance in the Global Economy: The Road Ahead.
Table of Contents
Domestic Resource Mobilization and Financial Development: Introduction--G.Mavrotas * Stock Market Development and Economic Growth--S.Capasso * Financial Development and Growth: Evidence from Panel Data Models--G.Mavrotas&--S-I.Son * Excess Credit and the South Korean Crisis--P.Demetriades&B.Fattouh * Financial Sector Development and Growth: The Chinese Experience--I.Hasan&--M.Zhou * Institutional Analysis of Financial Market Fragmentation in Sub-Saharan Africa: A Risk-Cost Configuration Approach--M.Nissanke&--E.Aryeetey * Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco--M.Baliamoune-Lutz * The Structure and Performance of Ethiopias Financial Sector in the Pre- and Post Reform Periods--A.Geda * Financial Sector Development in Zambia: Implications for Domestic Resource Mobilization--S.Maimbo&--G.Mavrotas * The Determinants of Loan Contracts to Business Firms: Empirical Evidence from a Private Bank in Vietnam--P.T.T.Trà&--R.Lensink