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Economic development, finance and liberalisation: a survey and some unresolved issues

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  • Siddiki, Jalal Uddin

    (Kingston University London)

  • Auerbach, Paul

    (Kingston University London)

Abstract

The financial sector has always played a central role in the development of market capitalist economies, but analysis of the precise nature of this role has been hampered by the emphasis on `real' factors in the main stream of economic thought and the static nature of financial theory. Strategies for financial liberalisation are now broadly taken to be a pivotal aspect of the economic reforms necessary in developing economies. Any such liberalisation in this sector must be seen in the context of the acute problems of asymmetric information and the need for resolute policies promoting competition and disclosure of information.

Suggested Citation

  • Siddiki, Jalal Uddin & Auerbach, Paul, 2000. "Economic development, finance and liberalisation: a survey and some unresolved issues," Economics Discussion Papers 2000-6, School of Economics, Kingston University London.
  • Handle: RePEc:ris:kngedp:2000_006
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic development; finance; liberalisation;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F30 - International Economics - - International Finance - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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