Authors: V V Bhatt
ISBN-13: 9780803992689, ISBN-10: 0803992688
Format: Hardcover
Publisher: SAGE Publications
Date Published: December 1995
Edition: (Non-applicable)
"The book provides ample food for thought for professionals as well as observers on the situation in India." --The Economic Times The pace at which a country develops economically depends to a great extent on the rate at which new innovations are introduced by entrepreneurs. However, such innovations are possible only if the country's financial system facilitates, stimulates, and promotes the entrepreneurial function. It is this strategic role of the financial or banking systems that forms the core of Financial Systems, Innovations, and Development. The impact of the financial system on a country's economic growth, author V. V. Bhatt stresses, depends on its capacity to introduce financial innovations, whereas the nature of these financial innovations depends on the specific historical and socioeconomic/political context of a given country. This highly readable and informative text formulates, for the first time, a sound analytical framework that links financial innovations to the development process. It also presents an integrated account of different financial systems in a historical and comparative framework and suggests both the desirable and the likely pattern of evolution of the financial system in different developing countries. Financial Systems, Innovations, and Development will attract a wide readership including those involved in the fields of banking and finance, development economics, industrial development, and entrepreneurship and development studies.
Introduction | 9 | |
Ch. 1 | Financial Innovations and Credit Market Evolution | 13 |
Ch. 2 | Development Banks as Catalysts for Industrial and Financial Development | 40 |
Ch. 3 | The Main Bank System in Japan: Financial Innovation for Industrial Development | 66 |
Ch. 4 | Lead Bank Systems in India: Review of performance | 106 |
Ch. 5 | Financial Institutions and Technology Policy | 132 |
Ch. 6 | On Participating in the International Capital Market | 149 |
Ch. 7 | Relevance of a Development-Oriented Banking System for Developing and Transforming Economies | 175 |
A. Statistical Appendix Relating to the Main Bank System | 195 | |
B. Statistical Appendix: India-Structure and Efficiency of the Financial System | 207 | |
Index | 220 |