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dc.contributor.authorReid, Richarden_US
dc.date.accessioned2011-03-28en_US
dc.date.accessioned2011-12-15T12:27:47Z-
dc.date.available2011-12-15T12:27:47Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/53734-
dc.description.abstractThis paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical policy lessons can be drawn from historical experience. Some financial structures may be better suited to growth at certain stages of development but they may be less well suited in other circumstances. In the search for optimal financial structure, rather than attempt to adopt another country's particular structure it may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in each individual system. A major lesson for the emerging world from past financial development is that there are risks involved in transitioning from one framework to another. Too fast a change increases the danger that all the necessary regulatory, supervisory and educational changes may not keep pace with the financial changes. This can increase the susceptibility to instability and reduce resilience to shocks.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 258en_US
dc.subject.jelE44en_US
dc.subject.jelF00en_US
dc.subject.jelF01en_US
dc.subject.jelF02en_US
dc.subject.jelG00en_US
dc.subject.jelG01en_US
dc.subject.jelG15en_US
dc.subject.jelG18en_US
dc.subject.jelG20en_US
dc.subject.jelG38en_US
dc.subject.jelN00en_US
dc.subject.jelN01en_US
dc.subject.jelN20en_US
dc.subject.jelN30en_US
dc.subject.jelN40en_US
dc.subject.jelO10en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwSchwellenländeren_US
dc.subject.stwWelten_US
dc.titleFinancial development: A broader perspectiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn654888361en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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