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Microeconomic Elements and Perspectives from Finance Theory

In: Financial Reform in Developing Countries

Author

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  • Varouj A. Aivazian

Abstract

The current trend toward the restructuring of financial systems in many countries makes an evaluation of the economic merits of alternative financial systems timely and important. This chapter examines microeconomic aspects of financial liberalization, paying attention to the range of market and non-market institutions composing the financial system and the impact of financial liberalization on real investment decisions. The discussion is also tied to the liberalization experience of the sample of countries studied in this volume.

Suggested Citation

  • Varouj A. Aivazian, 1998. "Microeconomic Elements and Perspectives from Finance Theory," Palgrave Macmillan Books, in: José M. Fanelli & Rohinton Medhora (ed.), Financial Reform in Developing Countries, chapter 11, pages 328-351, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26871-9_11
    DOI: 10.1007/978-1-349-26871-9_11
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    Cited by:

    1. Kumar, Ronald Ravinesh, 2013. "Remittances and economic growth: A study of Guyana," Economic Systems, Elsevier, vol. 37(3), pages 462-472.
    2. Valpy FitzGerald (QEH), "undated". "Finance and Growth in Developing Countries: Sound Principles and Unreliable Evidence," QEH Working Papers qehwps153, Queen Elizabeth House, University of Oxford.
    3. Ronald Kumar, 2014. "Exploring the nexus between capital inflows and growth in Latin America and the Caribbean: a study of clusters led by Brazil and Mexico," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(5), pages 2537-2552, September.

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