Financial sector development

About: Financial sector development is a research topic. Over the lifetime, 1674 publications have been published within this topic receiving 90787 citations.

Impact of FDI on Economic Growth: The Key Drivers

Abstract: To achieve Millennium Development Goals (MDGs) by 2015 there is need for enhanced global partnerships in areas such as trade, health, security and education. Owing to these initiatives FDI, official foreign development assistance and other external capital flows are gradually becoming economic stimulants in many developing countries. In 2000 FDIs received by developing countries was estimated at 19% of total global FDIs compared to 52% in 2010. FDIs accounts for 11% of global GDP and creates close to 80 million jobs globally. Global FDI totaled to US$ 1.2 trillion in 2010, US$ 1.4 2011 and US$ 1.8 in 2012 equally the developing countries received half of the FDI and invested a quarter of the FDI out flow. FDI contributes to economic growth though through intervening variables. This paper sought to explain the effect of FDI on the determinants of economic growth Human Capital development, Financial Sector Development and Health Care and Trade openness. A sample of 30 countries was used. Data was collected from UNCTAD and World Bank for the period 1980-2012 and analyzed using fixed effect regression. The results of the study show that FDI had a positive impact on measures of financial sector development and trade openness. However the effect of FDI on human capital development was negative. The study recommend the need for favorable monetary policies that elicit more FDI for enhanced economic growth. Finally the study recommends that additional FDIs should be directed towards drivers of human capital development. Keywords: FDI, Economic Growth, Human Capital Development, Financial Sector Development, Trade Openness

Responsible finance forum : advancing responsible finance for greater development impact

Abstract: This report has been prepared as an on-going contribution to the Responsible Finance Forum. The purpose of the report is to contribute to the exchange of knowledge and best practice among institutions working towards the goals of balanced financial sector development and sustainable economic growth. The report aims to facilitate discussions of new challenges in promoting responsible finance and highlight the benefits of coordinating activities around this topic in the international development context. It is expected to contribute to a collaborative data-sharing effort among a growing group of institutions and foster interest in designing a more systematic process of accumulating and exchanging information on responsible finance. Such a process can help identify potential synergies and opportunities for cooperation as well as gaps in serving our clients better. The report also highlights diverse perspectives on the roles of governments, commercial investors and philanthropic agencies, various types of financial providers, consumers, non-governmental organizations, academia, and advocacy groups in advancing the work on responsible finance.

Financial systems in new middle-income African economies: The opportunities and the risks

Abstract: This paper examines the possible implications for the financial systems of low-income African economies and in particular Tanzania of their stated aspiration to achieve middle-income status. In doing so it finds little evidence that the mere increase of gross domestic product per capita will lead necessarily to financial systems that are larger, deeper, or more inclusive. The paper examines both theoretical and econometric evidence to pin down this central conclusion. It also identifies a number of critical structural features that retard progress with financial sector development in some countries and advances a set of plausible hypotheses about the likely sequencing of development in different parts of the financial system.banks, capital markets, pensions, etc.

Financial Sector Development and Macroeconomic Policy in Poland in 1990–3

Abstract: This chapter consists of four sections. Following this Introduction section II shows the transition process from a socialist to market economy in Poland, which is analysed as having proceeded in the three following areas: macroeconomic stabilisation, institutional changes, microeconomic restructuring of production capacity.