Financial Development, Institutions, Growth and Poverty Reduction ()

Cover......Page 1
Contents......Page 6
List of Tables and Figures......Page 10
Acknowledgements......Page 14
Notes on the Contributors......Page 15
List of Abbreviations......Page 19
1 Introduction and Overview......Page 22
Introduction......Page 31
Sources of financial development......Page 32
Sources of financial development: some new evidence......Page 44
Effectiveness of financial development......Page 48
Summary and conclusion......Page 55
Background and motivation......Page 59
Sketch of the model......Page 62
Equilibrium......Page 66
Variations in parameters......Page 67
Conclusion and policy implications......Page 75
Introduction......Page 82
Finance and poverty......Page 84
Poverty, savings and access to credit in Ethiopia......Page 85
Theoretical framework and estimation results: finance and poverty......Page 91
Conclusion......Page 104
Introduction......Page 108
Developments in Ghana's financial sector......Page 110
Financial sector development and poverty reduction......Page 116
Methods of analysis......Page 123
Findings......Page 124
Conclusion and policy implications......Page 135
Appendix......Page 137
Introduction......Page 141
Financial development and transmission mechanism......Page 143
Empirical results......Page 146
Conclusion......Page 156
Introduction......Page 162
Theoretical background......Page 164
Methodology and data......Page 166
Econometric results......Page 170
Conclusion and directions of future research......Page 178
Appendix: descriptions of variables......Page 180
Introduction......Page 185
Financial liberalization and economic growth: a brief review of the existing literature......Page 186
Data and methodology......Page 192
Regression results......Page 198
Conclusion......Page 204
Appendix: data sources......Page 205
Introduction and brief literature review......Page 211
Data, model and results......Page 218
Conclusion......Page 228
Introduction......Page 233
The model......Page 236
A slightly unusual result: what is the role of financial markets?......Page 243
Interpretation of the results and policy considerations......Page 247
Introduction......Page 252
Production function approach......Page 254
Data issues......Page 260
Estimation and results......Page 264
Conclusion......Page 276
Introduction......Page 281
Cost of volatility and advantage of flexibility: theoretical rationales and empirical findings......Page 282
The literature on exchange rate volatility, institutional quality and growth......Page 284
Methodology......Page 285
Specification for conditional convergence growth model......Page 287
Empirical findings......Page 289
Conclusion and policy implications for MENA countries......Page 300
Appendix......Page 302
A......Page 308
B......Page 309
C......Page 310
D......Page 313
E......Page 315
F......Page 317
G......Page 322
H......Page 323
I......Page 324
K......Page 326
L......Page 327
M......Page 328
N......Page 329
P......Page 330
R......Page 332
S......Page 333
T......Page 335
W......Page 337
Z......Page 338