J.L. Ford
Abstract
This paper considers the causal relationship between economic and financial development, making some allowance for financial liberalization. The measures of financial development (and variants thereof) advocated in the literature are utilized, supplemented by some simple quantitative mesures.
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This paper considers the causal relationship between economic and financial development, making some allowance for financial liberalization. The measures of financial development (and variants thereof) advocated in the literature are utilized, supplemented by some simple quantitative mesures.
Key concepts: Allowance (engineering), Liberalization, Economics, Finance, Financial system, Business, Market economy, Operations management