Development Finance and Financial Development in Economic Theory and Policy: The Importance of Institutions

Konstantinos Loizos ()
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Konstantinos Loizos: Centre of Planning and Economic Research (KEPE)

Chapter Chapter 3 in Between Markets and Governments, 2025, pp 41-69 from Springer

Abstract: Abstract This chapter introduces the reader to the notion of development finance in the context of economic development theories with a focus on post-World War II debate concerning financing and funding for capital formation, industrialization, social development, and modernization. Besides, in the context of the financial liberalization/ deregulation debate, the chapter also considers the notion of financial and institutional development and its relation to financing which is conducive to economic growth. The chapter notices the absence or underestimation of institutions in both debates especially when the latter are related to development banking.

Keywords: Development finance; Financial development; Financial regimes; Financial repression; Financial liberalization; Washington Consensus (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-88527-3_3

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DOI: 10.1007/978-3-031-88527-3_3

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