Money and Capital in Economic DevelopmentBrookings Institution, 1973 - 184 pages Study of the role of capital and financial markets in developing countries, presenting an economic theory of economic development in which the domestic monetary system and monetary policy are of prime importance - covers agricultural credit and savings, banking systems, investment, the role of high interest rates, inflation, unemployment, money supply and the price level, trade and fiscal policy, exchange rates and foreign capital, etc. References and statistical tables. |
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Page 8
... Market How does one begin to loosen the Gordian knot ? The incredibly complex distortions in commodity prices now prevailing are the unplanned macroeconomic outcome of ... Capital in Economic Development Liberalization and the Capital Market.
... Market How does one begin to loosen the Gordian knot ? The incredibly complex distortions in commodity prices now prevailing are the unplanned macroeconomic outcome of ... Capital in Economic Development Liberalization and the Capital Market.
Page 24
... market , may continue to limit severely the leverage available to any one entre- preneur . The inefficiencies of this form of " monopolistic competi- tion ... capital market there is substantial 24 Money and Capital in Economic Development.
... market , may continue to limit severely the leverage available to any one entre- preneur . The inefficiencies of this form of " monopolistic competi- tion ... capital market there is substantial 24 Money and Capital in Economic Development.
Page 132
... capital market , centered on the monetary system , can be a more efficient engine of economic development . Since economic argu- ments for restricting foreign trade presume that the domestic cap- ital market isn't working ( see Chapter ...
... capital market , centered on the monetary system , can be a more efficient engine of economic development . Since economic argu- ments for restricting foreign trade presume that the domestic cap- ital market isn't working ( see Chapter ...
Contents
Introduction | 1 |
The Intervention Syndrome | 22 |
Money and the Price Level | 37 |
Copyright | |
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Common terms and phrases
aggregate agricultural average bank credit banking system borrowers Brazil capital accumulation capital market Chapter Chile commercial commodity cost deflation devaluation Economic Development economy effect efficient entrepreneurs exchange rate export external finance farmers financial repression firm-households firms foreign capital foreign exchange foreign trade fragmentation Hence holders holding money import import substitution income increase industrial inputs internal Keynesian Korea LDCs lenders less developed countries liberalization loans marginal monetary system moneylenders neoclassical model nominal interest rate nominal money nominal rates organized banking output percent physical capital poor countries portfolio production propensity to save rate of inflation rates of interest rates of return ratio real cash balances real money balances real rates real return real stock reduced reform restrictions return on holding return on money revenue rural sector seigniorage self-finance self-financed investment stock of money store of value subsidy tariff theory tion U.S. dollars underdeveloped