Financial Development and Economic Growth

This volume brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts. The first identifies and analyses the major theoretical issues using examples, where possible, from developing countries to show how these work in practice. This section addresses a wide range of topical issues, including endogenous growth and investment. The second part looks at the implications for financial policy in developing countries. Empirical evidence is again drawn from across a broad range of developing countries and regions.