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 30
Ronald I. McKinnon. Self - Finance and the Distribution of Income Can one generalize at all about this lengthy catalogue of public policies for circumventing the domestic capital market ? The bias toward self - finance is one common ...
Ronald I. McKinnon. Self - Finance and the Distribution of Income Can one generalize at all about this lengthy catalogue of public policies for circumventing the domestic capital market ? The bias toward self - finance is one common ...
Page 65
... financial institutions to break the confines of self- finance and " pool " savings more efficiently — a role that is explored more fully in Chapters 7–9 . But even under self - finance , the opti- mal real return to the holders of money ...
... financial institutions to break the confines of self- finance and " pool " savings more efficiently — a role that is explored more fully in Chapters 7–9 . But even under self - finance , the opti- mal real return to the holders of money ...
Page 180
... self - finance effect , 31-33 Entrepreneur : and banking system , 70-74 ; colonial , 70 ; decision - making , 10-12 ; defined , 10 ; foreign investment effect , 29 ; and import licensing , 24 ; and inter- est rate , 14-16 ; self - finance ...
... self - finance effect , 31-33 Entrepreneur : and banking system , 70-74 ; colonial , 70 ; decision - making , 10-12 ; defined , 10 ; foreign investment effect , 29 ; and import licensing , 24 ; and inter- est rate , 14-16 ; self - finance ...
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 domestic economy effect efficient entrepreneurs exchange rate export external finance farmers financial repression firm-households firms fiscal foreign capital foreign exchange foreign trade fragmentation Hence 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 price index 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