World Development Report 1989 : Financial Systems and Development
This is the twelfth in the annual series assessing major development issues. Economic growth rates among the developing countries have varied considerably. The external environment has had an adverse impact on growth, but domestic policies have been more important. Countries striving to adjust their...
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| Language: | English |
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New York: Oxford University Press
2012
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| Online Access: | http://hdl.handle.net/10986/5972 |
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okr-10986-59722021-04-23T14:02:24Z World Development Report 1989 : Financial Systems and Development World Bank accounting capital inflows developing countries economic development financial structure financial systems foreign capital government intervention interest rates International Bank This is the twelfth in the annual series assessing major development issues. Economic growth rates among the developing countries have varied considerably. The external environment has had an adverse impact on growth, but domestic policies have been more important. Countries striving to adjust their economies have had considerable success reducing external imbalances but less success with internal balance. In the absence of large inflows of foreign capital, countries will need to rely on the mobilization of domestic financial resources. The structure of a country's financial system reflects its economic philosophy; the present financial structure of many developing countries reflects their approach to development in the 1960s and 1970s, an approach that emphasized government intervention in the economy. Today many countries are revising their approach to rely more heavily on the private sector. For the financial sector, this implies a smaller role for government in the allocation of credit, determination of interest rates, and the daily decisionmaking of financial intermediation. Relaxation of these controls calls for an effective system of prudent regulation and supervision. Hence while the objective is an open market, countries should not remove all capital controls until other economic and financial reforms are in place. 2012-04-06T19:45:20Z 2012-04-06T19:45:20Z 1989 0-19-520788-2 978-0-19-520788-0 0163-5085 http://hdl.handle.net/10986/5972 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank New York: Oxford University Press |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
accounting capital inflows developing countries economic development financial structure financial systems foreign capital government intervention interest rates International Bank |
| spellingShingle |
accounting capital inflows developing countries economic development financial structure financial systems foreign capital government intervention interest rates International Bank World Bank World Development Report 1989 : Financial Systems and Development |
| description |
This is the twelfth in the annual series assessing major development issues. Economic growth rates among the developing countries have varied considerably. The external environment has had an adverse impact on growth, but domestic policies have been more important. Countries striving to adjust their economies have had considerable success reducing external imbalances but less success with internal balance. In the absence of large inflows of foreign capital, countries will need to rely on the mobilization of domestic financial resources. The structure of a country's financial system reflects its economic philosophy; the present financial structure of many developing countries reflects their approach to development in the 1960s and 1970s, an approach that emphasized government intervention in the economy. Today many countries are revising their approach to rely more heavily on the private sector. For the financial sector, this implies a smaller role for government in the allocation of credit, determination of interest rates, and the daily decisionmaking of financial intermediation. Relaxation of these controls calls for an effective system of prudent regulation and supervision. Hence while the objective is an open market, countries should not remove all capital controls until other economic and financial reforms are in place. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
World Development Report 1989 : Financial Systems and Development |
| title_short |
World Development Report 1989 : Financial Systems and Development |
| title_full |
World Development Report 1989 : Financial Systems and Development |
| title_fullStr |
World Development Report 1989 : Financial Systems and Development |
| title_full_unstemmed |
World Development Report 1989 : Financial Systems and Development |
| title_sort |
world development report 1989 : financial systems and development |
| publisher |
New York: Oxford University Press |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5972 |
| _version_ |
1764396985635307520 |