Financial systems and development. (overview of the World Development Report 1989) (the necessity of efficient financial systems in long-term development): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 1989. The length of the article is 2468 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: An overview of the World Development Report 1989 reveals that the report analyzes the lessons to be learned from the economic and fiscal histories of both developed and lesser developed countries (LDCs). The report identifies measures that promote the development of efficient financial systems, which are the cornerstone of voluntary, market-based decision-making. A stable financial system can be achieved through: restructuring legal, accounting, and regulatory systems; requiring full financial disclosure and defining and enforcing lender's rights; and instituting tax policies equitable to financial institutions. Future economic growth is dependent on fiscal policies, which must concentrate on fiscal balance, trade reform, and domestic savings and investments. Financial liberalization must be concurrent with macroeconomic reforms in order to succeed.

Citation Details
Title: Financial systems and development. (overview of the World Development Report 1989) (the necessity of efficient financial systems in long-term development)
Publication:Finance & Development (Magazine/Journal)
Date: September 1, 1989
Publisher: International Monetary Fund
Volume: v26 Issue: n3 Page: p2(3)

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