Please use this identifier to cite or link to this item: 192.168.6.56/handle/123456789/28661
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dc.contributor.editorAslõ DemirguÈ cË-Kunt and Ross Levine-
dc.date.accessioned2018-12-07T09:09:01Z-
dc.date.available2018-12-07T09:09:01Z-
dc.date.issued2001-
dc.identifier.isbn0-262-04198-7-
dc.identifier.urihttp://10.6.20.12:80/handle/123456789/28661-
dc.descriptionIn Financial Structure and Development, Raymond W. Goldsmith (1969) sought to accomplish three goals. His ®rst goal was to docu- ment how ®nancial structureÐthe mixture of ®nancial instruments, markets, and intermediaries operating in an economyÐchanges as economies grow. Thus, he sought to trace the evolution of the structure of national ®nancial systems as economies develop. Sec- ond, Goldsmith wanted to assess the impact of overall ®nancial de- velopmentÐthe overall quantity and quality of ®nancial instruments, markets, and intermediariesÐon economic growth. He sought to answer the question: Does ®nance exert a causal in¯uence on eco- nomic growth? Finally, Goldsmith sought to evaluate whether ®nan- cial structure in¯uences the pace of economic growth. Does the mixture of markets and intermediaries functioning in an economy in¯uence economic development? Indeed, Goldsmith (1969) sum- marized his motivation for studying the last two questions as fol- lows: ``One of the most important problems in the ®eld of ®nance, if not the single most important one, almost everyone would agree, is the effect that ®nancial structure and development have on economic growth'' (390).-
dc.languageenen_US
dc.language.isoenen_US
dc.publisherThe MIT Pressen_US
dc.subjectDevelopmenten_US
dc.titleFinancial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Developmenten_US
dc.typeBooken_US
Appears in Collections:Regional and Local Development Studies

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