Domestic Resource Mobilization and Financial Development [Hardcover]

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 developmentdomestic resource mobilization nexus, including?country case studies.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 Ethiopia's 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.Tr? & R.Lensink

'The UNU-WIDER Studies in Development Economics and Policy series have over recent years developed into a must read for anyone interested in sound policy advice for fighting global poverty. A central cornerstone of robust development is to mobilise sufficient domestic resources and to make them accessible to all. Domestic Resource Mobilization and Financial Development guides the reader toward valuable theory and field lessons on how to mobilise, intermediate and allocate savings through inclusive financial sectors.'

- Helmut Reisen, Head of Research, OECD Development Centre

'Financial markets are changing in the developing world. This book offers an insigl3Ê