Money, Interest, and Banking in Economic Development
Combining theory, empirical evidence, institutional analysis, and policy evaluation, the second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries. Maxwell Fry includes new chapters on finance in endogenous growth models, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in developing countries.
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Combining theory, empirical evidence, institutional analysis, and policy evaluation, the second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries. Maxwell Fry includes new chapters on finance in endogenous growth models, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in developing countries. Booknews Substantially revised, this edition (first, 1988) provides a modern, comprehensive overview of financial development, with a focus on theoretical models. Also surveys, analyzes, and critiques the literature on financial development that has mushroomed since 1973. Annotation c. Book News, Inc., Portland, OR (booknews.com)
List of FiguresList of TablesList of AcronymsPreface and AcknowledgementsITheoretical Models of Financial Development11Keynesian Monetary Growth Models and the Rationale for Financial Repression32The McKinnon-Shaw Financial Development Framework203The McKinnon-Shaw School394Financial Development in Endogenous Growth Models615Financial Repression and Capital Inflows786Critics of Financial Liberalization1097The Required Reserve Ratio in Financial Development132IIEconometric Testing of Financial Development Models1538Effects of Financial Conditions on Saving, Investment, and Growth1559Empirical Evidence on Transmission Mechanisms and Income Distribution19010Effects of Financial Liberalization on Inflation and Short-Run Growth20611Monetary Policies in Pacific Basin Developing Economies22912Foreign Capital Flows to Developing Countries255IIIMicroeconomic and Institutional Aspects of Financial Development29113Financial Institutions, Instruments, and Markets29314Financial Institutions and Markets in Developing Countries31715Government Intervention in the Financial Sector353IVMonetary and Financial Policies in Economic Development37316Macroeconomic Environment and Macroeconomic Policies37517Central Banks and Deficit Finance in Developing Countries39318Interest Rate and Selective Credit Policies42019Policies for Financial Development450Bibliography473Index529
\ Journal of Economic Literature.Economists and students interested in this area will find it indispensable.\ \ \ \ \ BooknewsSubstantially revised, this edition first, 1988 provides a modern, comprehensive overview of financial development, with a focus on theoretical models. Also surveys, analyzes, and critiques the literature on financial development that has mushroomed since 1973. Annotation c. Book News, Inc., Portland, OR booknews.com\ \
