Development banking and finance:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot [u.a.]
Avebury
1996
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVI, 458 S. graph. Darst. |
| ISBN: | 1856284492 |
Staff View
MARC
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| 100 | 1 | |a Murinde, Victor |d 1956- |e Verfasser |0 (DE-588)124322352 |4 aut | |
| 245 | 1 | 0 | |a Development banking and finance |c Victor Murinde |
| 264 | 1 | |a Aldershot [u.a.] |b Avebury |c 1996 | |
| 300 | |a XVI, 458 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 7 | |a Financiële instellingen |2 gtt | |
| 650 | 7 | |a Ontwikkelingsbanken |2 gtt | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Development banks | |
| 650 | 4 | |a Finance |z Developing countries | |
| 650 | 0 | 7 | |a Entwicklungsprojekt |0 (DE-588)4070874-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Entwicklungsbank |0 (DE-588)4152437-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Entwicklungsländer |0 (DE-588)4014954-7 |2 gnd |9 rswk-swf | |
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Record in the Search Index
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| adam_text |
Contents
List of tables viii
List of figures xi
Preface and acknowledgements xiii
1 Introduction 1
1.1 Development banking and finance: the backdrop 1
1.2 Scope and structure of the book 6
2 Intersectoral financial flows in developing economies 21
2.1 Introduction 21
2.2 A stock flow accounting structure for a developing
economy 22
2.3 Further application of the intersectoral financial flows
framework: a case study of Malaysia 38
2.4 Competing approaches? 42
2.5 Intersectoral financial flows and development strategy 46
2.6 Summary and conclusion 51
3 Financial institutions and markets 53
3.1 Introduction 53
3.2 The main financial institutions 54
3.3 Financial markets 66
3.4 Informal financial institutions and markets 75
3.5 Summary and conclusion 88
v
Contents
4 Emerging stock markets and economic development 93
4.1 Introduction 93
4.2 The performance of the ESMs 98
4.3 Stock market efficiency 99
4.4 Stabilisation policy and stock market behaviour 105
4.5 ESMs and economic activity 119
4.6 Calendar regularities 124
4.7 Stock market performance and the regulatory regime 127
4.8 Complementarity between the ESMs and the banking
sector 134
4.9 Mutual funds in the emerging stock markets 137
4.10 Summary and conclusion 142
5 Financial system restructuring 149
5.1 Introduction 149
5.2 Financial repression and financial liberalisation 150
5.3 Financial restructuring, savings, investment and
economic growth: some theoretical underpinnings 161
5.4 Keynes and Kalecki on financial restructuring:
competing models? 164
5.5 Financial restructuring and economic growth 177
5.6 Summary and conclusion 193
6 Development banking 199
6.1 Introduction 199
6.2 Global development banks 200
6.3 Regional and national development banks 208
6.4 Development banking: what have we learned? 212
6.5 Summary and conclusion 229
7 Analysis of development projects: should the project be
financed? 233
7.1 Introduction 233
7.2 The net present value (NPV) 236
7.3 Alternative methods of financial analysis 248
7.4 Social cost benefit analysis and shadow prices 265
7.5 Summary and conclusion 275
8 Export financing 288
8.1 Introduction 288
8.2 Export terms of payment, credit insurance and
guarantees 289
vi
Contents
8.3 Sources of export finance 293
8.4 The role of government in export financing 309
8.5 Summary and conclusion 312
9 The analysis of country risk and credit risk 314
9.1 Introduction 314
9.2 Country risk 315
9.3 Country risk analysis: competing models 316
9.4 Credit risk analysis 329
9.5 Political risk analysis 344
9.6 Summary and conclusion 349
10 International debt 350
10.1 Introduction 350
10.2 The growth of international debt 351
10.3 Proposed solutions 353
10.4 National loan and debt management 374
10.5 Summary and conclusion 383
11 Macroeconomic policy potency when financial
markets are rudimentary 386
11.1 Introduction 386
11.2 A generic model 388
11.3 The evidence 396
11.4 Summary and conclusion 403
Bibliography 410
Index 449
vii
List of tables
9.1 A hypothetical country spread sheet, 1995 319
9.2 A hypothetical country checklist, 1995 322
9.3 Summary of the main findings of the best prediction of
country risk analysis 326
9.4 Summary of empirical studies on country risk 330
9.5 A typical S.J.Rundt socio political risk ranking 337
9.6 Key risk factors of the ICRG model 338
9.7 Application of political risk services'model to Peru 338
9.8 Euromoney country risk rankings 339
9.9 Typical euronote and eurocommercial paper ratings 343
9.10 Simon's classification of political risk indicators for
international banks and enterprises 347
10.1 Factors behind the origin and momentum of the debt crisis 352
10.2 Debt figures of some developing countries, 1992 374
11.1 Parameter estimates from empirical variants of the generic
model: real growth rate target 400
11.2 Parameter estimates from empirical variants of the generic
model: inflation rate target 401
11.3 Parameter estimates from empirical variants of the generic
model: the exchange rate target 402
x
List of figures
2.1 The flows into and out of financial instruments by the
business and household sectors 45
2.2 Lai (1987) on import substitution and export substitution
strategies 49
4.1 Akerlof s theory of the market for lemons 130
4.2 Banks and securities markets in the process of economic growth 137
5.1 For a given economic growth rate, saving and investment under
financial repression and financial liberalisation 151
5.2 Kaleckian consumption of necessities during economic growth 171
5.3 Kaleckian consumption and investment shares in national income 171
6.1 Schema describing an optimal approach to development bank
lending operations 228
7.1 Equivalence of the NPV and the IRR methods, and the
possibility of NPV reversal 251
7.2 A single project has two IRR values when the IRR equation
is a polynomial 253
8.1 An illustration of supplier credit 296
xi
List of figures
8.2 An illustration of buyer credit 297
8.3 A hypothetical national framework for export financing 312
10.1 Crook (1991) on the debt relief Laffer curve 355
xii |
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| id | DE-604.BV010835636 |
| illustrated | Illustrated |
| indexdate | 2025-02-25T19:00:56Z |
| institution | BVB |
| isbn | 1856284492 |
| language | English |
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| spelling | Murinde, Victor 1956- Verfasser (DE-588)124322352 aut Development banking and finance Victor Murinde Aldershot [u.a.] Avebury 1996 XVI, 458 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Financiële instellingen gtt Ontwikkelingsbanken gtt Entwicklungsländer Development banks Finance Developing countries Entwicklungsprojekt (DE-588)4070874-3 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Entwicklungsbank (DE-588)4152437-8 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Entwicklungsbank (DE-588)4152437-8 s DE-604 Entwicklungsländer (DE-588)4014954-7 g Kreditmarkt (DE-588)4073788-3 s Entwicklungsprojekt (DE-588)4070874-3 s Finanzierung (DE-588)4017182-6 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007242662&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Murinde, Victor 1956- Development banking and finance Financiële instellingen gtt Ontwikkelingsbanken gtt Entwicklungsländer Development banks Finance Developing countries Entwicklungsprojekt (DE-588)4070874-3 gnd Kreditmarkt (DE-588)4073788-3 gnd Entwicklungsbank (DE-588)4152437-8 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4070874-3 (DE-588)4073788-3 (DE-588)4152437-8 (DE-588)4017182-6 (DE-588)4014954-7 |
| title | Development banking and finance |
| title_auth | Development banking and finance |
| title_exact_search | Development banking and finance |
| title_full | Development banking and finance Victor Murinde |
| title_fullStr | Development banking and finance Victor Murinde |
| title_full_unstemmed | Development banking and finance Victor Murinde |
| title_short | Development banking and finance |
| title_sort | development banking and finance |
| topic | Financiële instellingen gtt Ontwikkelingsbanken gtt Entwicklungsländer Development banks Finance Developing countries Entwicklungsprojekt (DE-588)4070874-3 gnd Kreditmarkt (DE-588)4073788-3 gnd Entwicklungsbank (DE-588)4152437-8 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Financiële instellingen Ontwikkelingsbanken Entwicklungsländer Development banks Finance Developing countries Entwicklungsprojekt Kreditmarkt Entwicklungsbank Finanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007242662&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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