Overview
"In this new book, a distinguished group of authors takes stock of the existing state of knowledge in the field of finance and the development process. Each chapter offers a comprehensive survey and synthesis of current issues. These include such critical topics as savings, financial markets and the macroeconomy, stock market development, financial regulation, foreign investment and aid, financing livelihoods, microfinance, rural financial markets, small and medium enterprises, corporate finance and banking." This book will be accessible to postgraduate and advanced undergraduate students of finance and development. It will also be a reference source for all professionals and academics working in this area who want to learn how finance can contribute to the development process and poverty reduction.Synopsis
Citing the relative dearth of textbooks devoted to finance and development, Green (economics and finance, Loughborough U., UK), Kirkpatrick (development economics, U. of Manchester, UK), and Murinde (development finance, U. of Birmingham, UK) present 12 chapters that collectively take stock of the existing state of knowledge in the field. Each chapter aims to offer a survey and synthesis of their particular topic. Chapters broadly related to the relationship between finance and the macroeconomy cover stock market development, policy and recent experience of financial regulation in developing countries, banking regulations after recent financial crises, and market- and non-market-based measures to control the volatility of portfolio investment. The remaining papers, grouped in a section dealing with households, firms, and financial institutions, offer discussion of finance and poor people's livelihoods, finance for the poor, rural financial markets, small and medium sized enterprises in developing economies, and company financial structures. Annotation ©2005 Book News, Inc., Portland, OR