- Title
- Financial development and economic growth in Southern Africa
- Creator
- Aziakpono, Meshach J
- Subject
- To be catalogued
- Date Issued
- 2005
- Date
- 2005
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/469812
- Identifier
- vital:77297
- Description
- In the last two decades the link between financial intermediation (FI) and economic growth has generated a great deal of interest among academics, policy makers and economists around the world. Several studies have addressed the potential links between financial development and economic growth (see Levine 1997 for a detailed review). However, despite the rapidly growing literature, the debate concerning the role played by the development of financial intermediaries in economic growth is far from settled. Moreover, much of the empirical evidence on the links between financial development and economic growth comes from a period when cross-border capital movements were very limited and as such were ignored in most analyses. The increasing international interest in economic integration and monetary union has spawned new regional initiatives in every continent. As a result global financial markets are becoming increasingly open and integrated, and international capital mobility has increased. For instance, private capital flows to emerging market economies have grown from close to nothing in the 1970s, to $170 billion in the 1980s, and to $1.3 trillion by the late 1990s (Guiso et al., 2002: 2). The question is: how will this development affect the effectiveness.
- Format
- 31 pages
- Format
- Language
- English
- Relation
- OECD Publishing
- Relation
- Aziakpono, M., 2005. Financial development and economic growth in Southern Africa. Reducing capital cost in Southern Africa, 1(1), pp.137-168
- Relation
- OECD Publishing volume number 137 168 2005 9789264014022
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the OECD Publishing Statement
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Collections
Aziakpono, Meshach Jesse (Prof)
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
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