MARC Record from Library of Congress

LEADER: 01944cam a22003137a 4500
001 2006615439
003 DLC
005 20060308135724.0
007 cr |||||||||||
008 060308s2006 dcu sb i000 0 eng
010 $a 2006615439
040 $aDLC$cDLC
050 00 $aHG3881.5.W57
100 1 $aBeck, Thorsten.
245 10 $aCreating an efficient financial system$h[electronic resource] :$bchallenges in a global economy /$cThorsten Beck.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3856
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 3/8/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and effective and reliable contractual and informational frameworks. He then describes three different approaches to government involvement in the financial sector: the laissez-faire view, the market-failure view and the market-enabling view. Finally, the author analyzes the sequencing of financial sector reforms and discusses the benefits and challenges that emerging markets face when opening their financial systems to international capital markets. "--World Bank web site.
650 0 $aFinancial services industry.
650 0 $aGlobalization.
650 0 $aCapital market.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3856.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469382&piPK=64165421&menuPK=64166093&entityID=000016406_20060217165135