Money, Interest, And Banking In Economic Development (The Johns Hopkins Studies In Development)

Combining theory, empirical evidence, institutional analysis, and policy evaluation, the second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries. Maxwell Fry includes new chapters on finance in endogenous growth models, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in developing countries.

Reviews:

This book is excellent. It covers a wide variety of topics and areas of interest, including the theory about finance and development, econometric evidence, and institutional issues. It is a great service to the economic profession and to any one interested in what a growing financial system means to the developing world. Unfortunately, it does not cover the important topic of financial crisis, which is clearly relevant to the developing world today; but it offers a solid and broad look at the arguments and issues of financial development in tranquil circumstances.

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