Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47254 
Year of Publication: 
1987
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1987
Series/Report no.: 
Kiel Working Paper No. 300
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
In most developing countries financial markets are still highly fragmented and dualistic (Nunnenkamp 1985, p. 20). This is considered as a hindering factor to economic development. The rationale behind this is the view shared by most economists that a higher level of financial integration c.p. lowers intermediation costs, encourages competition and improves the allocation of loanable funds throughout the economy.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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