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Finance for the Developing Countries
By: Richard L. Kitchen
Book Condition: Considerable highlighter markings, Good
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RM21.90 RM18.62
1 in stock
Description
This book is concerned with the financing of development at both the macro and micro levels. Financial development is important because it facilitates the mobilization of finance, and its correct use, which in turn makes an important contribution to economic development The book covers domestic and international finance, is both theoretical and empirical, and contains a historical perspective and an analysis of current problems.The theoretical basis of the book is provided by a discussion of basic financial principles, capital market theory, repression theory and the theory of capital structures. Other theoretical subjects touched upon are some aspects of taxation theory and stabilization theory. The book discusses domestic financial institutions, markets and instruments, especially securities markets and taxation. The main international sources of finance (aid, bank lending, export credits and direct foreign investment) are discussed, together with more esoteric financing methods. The debt problem is analysed at some length, as is the role of the IME The book concludes with a discussion of proposals for improvements in development finance, It will be of great value to people in many professions including public finance, public administration, development planning, and international banking, as well as to scholars in economics, finance and politics.
