Economic development, finance and liberalisation: a survey and some unresolved issues

Jalal Siddiki and Paul Auerbach ()

No 2000-6, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: The financial sector has always played a central role in the development of market capitalist economies, but analysis of the precise nature of this role has been hampered by the emphasis on `real' factors in the main stream of economic thought and the static nature of financial theory. Strategies for financial liberalisation are now broadly taken to be a pivotal aspect of the economic reforms necessary in developing economies. Any such liberalisation in this sector must be seen in the context of the acute problems of asymmetric information and the need for resolute policies promoting competition and disclosure of information.

Keywords: Economic development; finance; liberalisation (search for similar items in EconPapers)
JEL-codes: F10 F30 O10 (search for similar items in EconPapers)
Pages: 62 pages
Date: 2000-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kngedp:2000_006

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