WEEK 08 (Lecture outline)

WEEK 08 (Lecture outline) - DEVELOPMENT ECONOMICS ECOS 3002...

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DEVELOPMENT ECONOMICS ECOS 3002 Second Semester, 2010 The Role of the Financial System Providing payment services Matching savers and investors Generating/distributing information Allocating credit efficiently Pricing, pooling, and trading risks Increasing asset liquidity The Bumpy Road to Macroeconomic Stability Macro stabilisation has three main objectives –Controlling inflation –Restoring fiscal balance –Eliminating the current account deficit Financial Systems and Monetary Policy Difference between MDC and LDC financial systems The role of central banks (Table 15.1) The role of development banking The role of informal finance, group lending, and microfinance institutions for small-scale enterprise Reforming Financial Systems
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Financial policy and the role of the State –Stiglitz’s seven market failures The nature and role of Stock Markets Financial liberalisation
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This note was uploaded on 08/22/2011 for the course FINC 2011 taught by Professor Craigmellare during the Three '10 term at University of Sydney.

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WEEK 08 (Lecture outline) - DEVELOPMENT ECONOMICS ECOS 3002...

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