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Financial intermediation and growth in developing countries

Husain, Asim
http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342193386

Abstract Details

1995, BA, Oberlin College, Economics.
Two main relationships between finance and growth are often emphasized: i) the role that financial markets have in channeling savings towards investment and ii) the informational problems that financial markets are able to solve that would otherwise lead to inefficient outcomes. This paper emphasizes a model where prospective entrepreneurs are evaluated in turn by financial markets on their ability to come up with a successful innovation which determines the level of productivity in the economy. With efficient financial markets loans are made to those who are the most likely to come up with marketable innovations. Because marketable innovations lead to higher growth rates, countries that have more developed financial systems will have higher growth rates. My work differs from previous work in this area in that it differentiates the effects of the domestic financial markets from those of the foreign fmancial markets in allowing for the impact of an increasingly global financial system on an economy.
Peter Montiel (Advisor)
48 p.
Economic Theory; Economics
financial; markets; global; economy; marketable;

Recommended Citations

Citations

  • Husain, A. (1995). Financial intermediation and growth in developing countries [Undergraduate thesis, Oberlin College]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342193386

    APA Style (7th edition)

  • Husain, Asim. Financial intermediation and growth in developing countries. 1995. Oberlin College, Undergraduate thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342193386.

    MLA Style (8th edition)

  • Husain, Asim. "Financial intermediation and growth in developing countries." Undergraduate thesis, Oberlin College, 1995. http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342193386

    Chicago Manual of Style (17th edition)

oberlin1342193386
362
© 1995, all rights reserved.
This open access ETD is published by Oberlin College Honors Theses and OhioLINK.
Release 3.2.12