Financial development and industrial capital accumulation /
Saved in:
Author / Creator: | Bossone, Biagio. |
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Imprint: | Washington, DC : World Bank, Financial Sector Practice Department, Financial Economics Unit, [1999] |
Description: | 25 p. ; 28 cm. |
Language: | English |
Series: | Policy research working paper ; 2201 Policy research working papers ; 2201. |
Subject: | |
Format: | E-Resource Print Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/4064667 |
Other authors / contributors: | World Bank. Financial Sector Practice. Financial Economics Group. |
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Notes: | "October 1999"--Cover. Includes bibliographical references (p. 23-24). Also available on the World Wide Web. |
Summary: | There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures. |
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