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. |
From inside the book
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Page 14
... internal rate of return that a particular enterprise can earn — which varies greatly by entrepreneur within and across industries - is a much better index of learning - by - doing than is some measure of gross investment . Fortunately ...
... internal rate of return that a particular enterprise can earn — which varies greatly by entrepreneur within and across industries - is a much better index of learning - by - doing than is some measure of gross investment . Fortunately ...
Page 19
... Internal investment opportunities , initial endowments , and the possibilities for borrowing and lending ex- ternally can all be encompassed by the diagram . To illustrate the problem of " indivisibilities , " it has been as- sumed that ...
... Internal investment opportunities , initial endowments , and the possibilities for borrowing and lending ex- ternally can all be encompassed by the diagram . To illustrate the problem of " indivisibilities , " it has been as- sumed that ...
Page 32
... internal investment then is the only avenue open . Replacing his bullocks and hired labor with a new tractor may be ... Internal cash flow is re- invested in low - priority uses within the generating firm . Further- more , if inflation ...
... internal investment then is the only avenue open . Replacing his bullocks and hired labor with a new tractor may be ... Internal cash flow is re- invested in low - priority uses within the generating firm . Further- more , if inflation ...
Contents
Introduction | 1 |
The Intervention Syndrome | 22 |
Money and the Price Level | 37 |
Copyright | |
8 other sections not shown
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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