Abstract
The importance of finance for economic development is now well understood by both economic researchers and policy makers. Robust financial intermediaries that can efficiently allocate resources to the most productive uses are the foundation of a successful growth strategy. Interestingly, this has not always been the case. Mid-20th-century economic development discussions paid little attention to finance; its role only became clear in the last 25 years or so.
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© 2016 Josef C. Brada and Paul Wachtel
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Brada, J.C., Wachtel, P. (2016). Introduction. In: Brada, J.C., Wachtel, P. (eds) Global Banking Crises and Emerging Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-56905-9_1
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DOI: https://doi.org/10.1007/978-1-137-56905-9_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56185-8
Online ISBN: 978-1-137-56905-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)