Financial frictions, financial market development, and macroeconomic development

Joseph Kaboski

Oxford Development Studies, 2023, vol. 51, issue 4, 397-416

Abstract: This paper reviews the state of knowledge on the impact of financial frictions and financial underdevelopment on firms. The focus is on their aggregate and distributional consequences for the macroeconomies of developing countries. It then reviews available data and data needs for future progress and proposes an agenda of important but unanswered questions for informing our understanding of growth and policy. Various questions involve ways to promote financial development itself, guide second-best policies in the face of financial frictions that enable macro development, and develop an inclusive financial system that benefits all.

Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/13600818.2023.2283106 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oxdevs:v:51:y:2023:i:4:p:397-416

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CODS20

DOI: 10.1080/13600818.2023.2283106

Access Statistics for this article

Oxford Development Studies is currently edited by Jo Boyce and Frances Stewart

More articles in Oxford Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().