Hidden Bibliographic Details
| Other authors / contributors: | Mahajan, Sandeep, author.
Zahir, Farah, author.
International Monetary Fund. Office of the Executive Director.
|
|---|
| ISBN: | 1451892004
9781451892000
1281605034
9781281605030
9781451844160
1451844166
1462334946
9781462334940
1451992548
9781451992540
9786613785725
6613785725
|
|---|
| Notes: | Includes bibliographical references (pages 31-34).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | This study presents a theory of financial infrastructure - or the set of rules, institutions, and systems within which agents carry out financial transactions. It investigates the effects of financial infrastructure development on financial architecture and real capital accumulation, taking into account financial-sector special interests. It shows that a more developed infrastructure promotes financial market growth, reduces the scope of traditional banking, and helps investors make more efficient investment decisions. The theory presented explains why traditional banking predominates in the early stages of economic development and becomes relatively less important as the economy develops, and why banks may retard financial sector development. The study provides evidence in support of its predictions.
|
|---|
| Other form: | Print version: Bossone, Biagio. Financial infrastructure, group interests, and capital accumulation. [Washington, D.C.] : International Monetary Fund, ©2003
|
|---|
| Standard no.: | 10.5089/9781451892000.001
|
|---|
