New Structural Financial Economics : A Framework for Rethinking the Role of Finance in Serving the Real Economy Paperback / softback
by Justin Yifu (Peking University, Beijing) Lin, Jiajun (Peking University, Beijing) Xu, Zirong (Chinese Academy of Social Sciences, Beijing) Yang, Yilin (Sun Yat-Sen University, Guangzhou) Zhang
Part of the Elements in Development Economics series
Paperback / softback
Description
This Element proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics.
It challenges the conventional wisdom that developing countries should take the financial structure of developed countries as the benchmark and financial structure does not matter in spurring long-run economic development.
As a sub-discipline of New Structural Economics, New Structural Financial Economics has three tenets.
First, examining the appropriate financial structure should take an economy's factor endowment structure as the starting point of analysis, which identifies its latent comparative advantage.
Second, the appropriate financial structure is determined by the financing needs of the prevailing production structure.
Third, a government should provide development financing to address market failures, and make tailored financial regulations in line with the characteristics of specific financial arrangements.
This title is also available as Open Access on Cambridge Core.
Information
-
Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:72 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:29/02/2024
- Category:
- ISBN:9781009501736
Information
-
Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:72 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:29/02/2024
- Category:
- ISBN:9781009501736
