Development Finance

Improved understanding of the key role of financial aspects in the growth and development of economic systems is an important aspect of economic analysis. This first textbook on development finance provides a comprehensive coverage of this new area of economics. The book integrates relevant theoretical approaches and their policy applications. A unique perspective combines transaction cost economics and neoclassical economics. The author also treats important policy issues of national and international relevance. The roles of public and private finance, domestic and external finance, short-term and long-term capital flows, sovereign debt management features, country risk and other determinants of foreign direct investments, multilateral official development assistance and development of financial institutions are some of the topics examined in this book.

Improved understanding of the key role of financial aspects in the growth and development of economic systems is an important aspect of economic analysis. This first textbook on development finance provides a comprehensive coverage of this new area of economics. The book integrates relevant theoretical approaches and their policy applications. A unique perspective combines transaction cost economics and neoclassical economics. The author also treats important policy issues of national and international relevance.

Front Matter....Pages I-XVI Markets, Institutions and Transaction Costs....Pages 1-27 Finance, Economic Growth, and Development....Pages 29-52 Microcredit and Inverted Banking....Pages 53-72 Global Financial Architecture....Pages 73-95 External Aid and Development....Pages 97-115 Sovereign Debt Management....Pages 117-145 Project Appraisal — Improved Methods....Pages 147-159 Finance and Sustainable Development....Pages 161-183 Perspectives....Pages 185-199 Back Matter....Pages 201-212 The roles of public and private finance, domestic and external finance short-term and long-term capital flows, sovereign debt management features country risk and other determinants of foreign direct investments, multilateral official development assistance and development of financial institutions are some of the topics examined in this book."--Jacket Markets, Institutions and Transaction Costs Finance, Economic Growth, and Development Microcredit and Inverted Banking Global Financial Architecture External Aid and Development Sovereign Debt Management Project Appraisal - Improved Methods Finance and Sustainable Development Perspectives Select Website Addresses Index.