Electronic Resource
Oxford, UK; Malden, USA
:
Blackwell Publishing Ltd/Inc.
Journal of economic surveys
18 (2004), S. 0
ISSN:
1467-6419
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
Abstract. The financial sector has always played a central role in economic development, but analysis of its precise role has been hampered by the emphasis on ‘real’ factors in the main stream of economic thought and the static nature of financial theory. Empirical studies confirm the importance of finance to economic development, but are indecisive on the efficaciousness of the widely advocated policies associated with financial liberalisation. To be successful, strategies for financial liberalisation must deal with problems generated by asymmetric information and have policies to promote competition, the disclosure of information and the maintenance of governmental integrity.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.0950-0804.2004.00221.x
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