Financial constraints on economic development: Theory and policy for developing countries

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cepal.articleNo4
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/G.2629-P
cepal.docTypeRevistas
cepal.jelCodeG18
cepal.jelCodeO16
cepal.jelCodeO50
cepal.jobNumberRVI114Hermann_en
cepal.regionalOfficeSantiago
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFINANCIAL ARCHITECTURE
cepal.topicSpaARQUITECTURA FINANCIERA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorHermann, Jennifer
dc.date.accessioned2015-03-26T14:39:32Z
dc.date.available2015-03-26T14:39:32Z
dc.date.issued2014-12
dc.description.abstractThis article contains a theoretical and policy analysis of the financial constraints on economic development in developing countries. Following a Keynesian interpretation, it concludes that financial policies are needed to relieve these constraints, given the natural tendency of financial systems to operate in ways that are dysfunctional to economic development. It then proposes three lines of policy that take account of the special characteristics of developing countries: resource allocation policies targeted at segments of strategic importance for economic and financial development; policies to control financial and external fragility; and compensatory policies of a more interventionist cast, in particular directed credit programmes for both public- and private-sector lending to complement resource allocation policies, and countercyclical regulatory barriers so that fragility can be better controlled.
dc.formatTexto
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2629-P
dc.identifier.urihttps://hdl.handle.net/11362/37806
dc.language.isoeng
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo114
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordRestricciones financieras del desarrollo económico: teoría y políticas para los países en desarrollo
dc.relation.translationUrihttps://hdl.handle.net/11362/37437
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngDEVELOPMENT FINANCE
dc.subject.unbisEngFINANCIAL POLICY
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngCREDIT
dc.subject.unbisEngKEYNESIAN ECONOMICS
dc.subject.unbisEngDEVELOPING COUNTRIES
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaFINANCIACION DEL DESARROLLO
dc.subject.unbisSpaPOLITICA FINANCIERA
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.subject.unbisSpaCREDITO
dc.subject.unbisSpaECONOMIA KEYNESIANA
dc.subject.unbisSpaPAISES EN DESARROLLO
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleFinancial constraints on economic development: Theory and policy for developing countries
dc.type.coarrevista
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