Book
Domestic Resource Mobilization and Financial Development

This significant and timely volume offers crucial insights into the constantly evolving debate within the international development community regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard. This book explores various aspects of the financial development–domestic resource mobilization nexus, including detailed case studies from Africa (including Ethiopia, Morocco and Zambia) and Asia (including China, South Korea and Vietnam), and applicable policy lessons. The contributions, from leading experts in the area of finance and development, strike a fine balance between theory, evidence and policy.

Table of contents
  1. 1. Domestic Resource Mobilization and Financial Development: Introduction
    George Mavrotas
  2. 2. Stock Market Development and Economic Growth
    Salvatore Capasso
    More Working Paper | Stock Market Development and Economic Growth
  3. 3. Excess Credit and the South Korean Crisis
    Panicos O. Demetriades, Bassam Fattouh
    More Working Paper | Excess Credit and the South Korean Crisis
  4. 4. Financial Sector Development and Growth: The Chinese Experience
    Iftekhar Hasan, Mingming Zhou
    More Working Paper | Financial Sector Development and Growth
  5. 5. Institutional Analysis of Financial Market Fragmentation in Sub-Saharan Africa: A Risk-Cost Configuration Approach
    Machiko Nissanke, Ernest Aryeetey
    More Working Paper | Institutional Analysis of Financial Market Fragmentation in Sub-Saharan Africa
  6. 6. Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco
    Mina Baliamoune-Lutz
    More Working Paper | Financial Reform and the Mobilization of Domestic Savings
  7. 7. The Structure and Performance of Ethiopia's Financial Sector in the Pre- and Post Reform Periods
    Alemayehu Geda
    More Working Paper | The Structure and Performance of Ethiopia's Financial Sector in the Pre- and Post-Reform Period with a Special Focus on Banking
  8. 8. Financial Sector Development in Zambia: Implications for Domestic Resource Mobilization
    Samuel Munzele Maimbo, George Mavrotas
    More Working Paper | Financial Sector Reforms and Savings Mobilization in Zambia
  9. 9. The Determinants of Loan Contracts to Business Firms: Empirical Evidence from a Private Bank in Vietnam
    Thi Thu Tra Pham, Robert Lensink
    More Working Paper | The Determinants of Loan Contracts to Business Firms
  10. 10. Financial Development and Economic Growth :: Further Evidence from Panel Data Models
    George Mavrotas, Sang-Ik Son
    More Book | Domestic Resource Mobilization and Financial Development
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Endorsements

'The UNU-WIDER Studies in Development Economics and Policy series have over recent years developed into a must read for anyone interested in sound policy advice for fighting global poverty. A central cornerstone of robust development is to mobilise sufficient domestic resources and to make them accessible to all. Domestic Resource Mobilization and Financial Development guides the reader toward valuable theory and field lessons on how to mobilise, intermediate and allocate savings through inclusive financial sectors.' - Helmut Reisen, Head of Research, OECD Development Centre