Money, Financial Repression, and Economic Growth

Alvin L. Marty

Chapter 6 in International Finance and the Less Developed Countries, 1990, pp 157-187 from Palgrave Macmillan

Abstract: Abstract My aim is to develop some themes concerning financial institutions, and to evaluate policies which have been used to advance the pace of economic development. This is to be contrasted with a theoretical analysis of the role of financial assets rival to physical capital in one sector growth models. Although steady state growth theory may have implications for understanding the development of actual economies through time, it is essential for clarity to distinguish these two lines of thought.

Keywords: Inflation Rate; Welfare Cost; Reserve Requirement; Financial Liberalisation; Real Balance (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10379-9_7

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DOI: 10.1007/978-1-349-10379-9_7

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