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There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.
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Financial development and industrial capital accumulation
1999, World Bank, Financial Sector Practice Dept., Financial Economics Unit
in English
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Edition Notes
Includes bibliographical references (p. 23-24).
"October 1999"--Cover.
Also available on the World Wide Web.
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December 4, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
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