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-
- Type:
- Document
- Date Created:
- 1988
- Collection:
- System Dynamic Society Records
- Collecting Area:
- University Archives
- Collection ID:
- ua435
- Parent Record(s):
- 23d738ba88f8333bc39725f9cb5bd0b8, 74bc8d76f7112f877dcc1bed073089e6, and ff3ca29802c9b5ed0bd77a0a9e76375a
- Description:
- The purpose of this research is to evaluate the relation between the development of financial markets and their institutions and the process of economic growth and development. Throughout the world less developed countries are facing various stages of an international financial crisis. Major banks in the industrialized world, as well as the IMF and World Bank have extended credit to these countries expecting the resulting economic growth to yield the necessary dividends for repayment. However the most expeditious road to growth and development has never been a certain one. One controversy deals with the timing and maturity of the financial institutions and financial markets. This overall process is called “financial deepening.” Previous published research polarizes the role of financial institutions in the process of economic development between supply-leading position and the demand-following hypothesis.