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Structural Problems in Financing Development: Issues Relating to India

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  • Santonu Basu

Abstract

This paper argues that the process of financing development in India increased the fragility of the financial market. Consequently, the need arose for the government to implement policies that would reduce that fragility, and also to introduce strong enforceable bankruptcy laws, in order to prevent the emergence of corruption. It appears that the recent capital market reform did not give adequate attention to reducing the fragility of the financial market.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/02692170500362793
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal International Review of Applied Economics.

Volume (Year): 20 (2006)
Issue (Month): 1 ()
Pages: 85-101

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Handle: RePEc:taf:irapec:v:20:y:2006:i:1:p:85-101

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Related research

Keywords: Financial reforms; credit standard; economic development; India;

References

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  19. Panicos O. Demetriades & Philip Arestis, 1996. "Financial Development and Economic Growth: Assessing the Evidence," Keele Department of Economics Discussion Papers (1995-2001) 96/16, Department of Economics, Keele University.
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  21. Santonu Basu, 2003. "Why do Banks Fail?," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(3), pages 231-248.
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Cited by:
  1. Sumon Kumar Bhaumik & Jenifer Piesse, 2006. "Does lending behaviour of banks in emerging economies vary by ownership? Evidence from the Indian banking sector," CEDI Discussion Paper Series 06-01, Centre for Economic Development and Institutions(CEDI), Brunel University.

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