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Money, Financial Repression, and Economic Growth

In: International Finance and the Less Developed Countries

Author

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  • Alvin L. Marty

Abstract

My aim is to develop some themes concerning financial institutions, and to evaluate policies which have been used to advance the pace of economic development. This is to be contrasted with a theoretical analysis of the role of financial assets rival to physical capital in one sector growth models. Although steady state growth theory may have implications for understanding the development of actual economies through time, it is essential for clarity to distinguish these two lines of thought.

Suggested Citation

  • Alvin L. Marty, 1990. "Money, Financial Repression, and Economic Growth," Palgrave Macmillan Books, in: Kate Phylaktis & Mahmood Pradhan (ed.), International Finance and the Less Developed Countries, chapter 6, pages 157-187, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10379-9_7
    DOI: 10.1007/978-1-349-10379-9_7
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