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Financial Sector And Economic Growth: The Linkage

Financial Sector And Economic Growth: The Linkage

          
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About the Book

An efficient financial system is one of the foundations for building sustained economic growth and an open, contestable economic system. In its best efforts, finance works quietly at the background, but when things go wrong, financial failuers are painfully visible. For an economy to attain sustainable growth in the long run, financial sector development is crucial and indispensable. The financial sector traditionally comprises bansk, non-bank financial institutions and insurance. But now with financial sector liberalization, foreign direct investment, stock markets, remittances and microfinance institutions have emerged. These segments link up with the real sector to deliver growth. The linkage is established through savings mobilization from surplus units to deficient units. Financial globalization and integration have brought in financial deepening and strenghtening of the financial structure. It affects the growth rate of any economy directly through domestic savings, availability of cheap capital, technology transfer, and development of the domestic financial sector. About Author : Asis Kumar Pain holds M.Phil and PhD degrees in Economics from The University of Burdwan, West Bengal. He is curenlty working as Consulting Editor at Icfai Business School Research Center, Kolkata. Prior to joining Icfai, he worked on various transport related projects at the Centre for Transport Studies, Jadavpur University. He regulalry Indian Journal of Transport Management (Central Institute of Road Transport), Nagarlok (Indian Institute of Public Administration) and Icfai journal of Management Research. His research area of interest is travel demand estimation using Hierarchical modelling techniques.NIrbachita Karmamar is a M.Sc. Economics with specialization in Economics Money and Finance from the University iof Calcutta Prior to joining Icfai. She worked as a reasearch fellow on a Project of the Planning Commission, Census of India," . Currently, she is working as a Senior Research Associate in Icfai Business School Research Centre, Kolkata. Her areas of Interest are finance, Banking Social and Development issues. She has several publication in financial sector, agricultural credit, social security related areas to her credit. Contents : OverviewSection IFINANCIAL SECTOR AND GROWTH: THE LINKAGEFinancial Sector and Economic Developments An IntroductionFinancial Development and Economic Growth: A Critical View The Financial Sector's Contribution to Prop-poor GrowthPreserving Financial SuitabilitySection II COUNTRY PERSPECTIVESThe Importance to the UK Economy of a Successful Financial SectorForiegn Direct Investment in the Financial Sector-Experience in Asia, Central and Eastern Europe and Latin AmericaA Sumary of Economic Growth and Finance: A Cointegration Analysis in US and JapanImportance of Financial Sectors for Growth in EU Accession CountriesDoes Funcial Development' Lead' Economic Growth: The Case of ChinaMonetary Policy Regimes and Macroeconomic Outcome: Hong Kong and SingaporeThe Efficiency of Non-Bank Financial Institutions: Empircal Evidence form MalayasiaFinancial Sector Reforms in India: Polcies and Performance AnalysisIndex


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Product Details
  • ISBN-13: 9788131408537
  • Publisher: Icfai Press
  • Binding: Paperback
  • ISBN-10: 8131408531
  • Publisher Date: 2007
  • Language: English

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