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E-grāmata: Contemporary Issues in Development Finance

Edited by , Edited by (University of Stellenbosch Business School, South Africa), Edited by (University of Ghana Business School, Ghana)
  • Formāts: 460 pages
  • Izdošanas datums: 29-Dec-2020
  • Izdevniecība: Routledge
  • ISBN-13: 9780429835247
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  • Formāts: 460 pages
  • Izdošanas datums: 29-Dec-2020
  • Izdevniecība: Routledge
  • ISBN-13: 9780429835247

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"Contemporary Issues in Development Finance provides a comprehensive and up to date coverage of theoretical and policy issues in development finance from both the domestic and external finance perspectives, placing emphasis on addressing the gaps in financial markets. The chapters cover topical issues including microfinance, private sector financing, aid, FDI, remittances, sovereign wealth and trade finance, as well as sectoral financing of agricultural and infrastructural projects. Readers will acquire both breadth and depth in critical and contemporary issues in development finance from a philosophical and yet pragmatic development impact approach. The text ensures this by carefully integrating the relevant theoretical underpinnings, empirical assessments and practical policy issues into its analysis. The work is designed to be fully accessible to practitioners with only a limited theoretical economic background, allowing them to deeply engage with the book as useful reference material. Readers may find more advanced information and technical details provided in clear, concise boxes throughout the text. Finally, each chapter is fully supported by a set of review questions as well as cases and examples from developing countries, particularly those in Africa. This book is a valuable resource for both development finance researchers and students taking courses in development finance, development economics, international finance, financial development policy and economic policy management. Practitioners will find the development impact, policy and conceptual analysis dimensions extremely insightful for purposes of analysing and designing intervention strategies. Joshua Yindenaba Abor is a Professor of Finance at the Department of Finance, University of Ghana Business School, Ghana. He is also a Visiting Professor of Development Finance at the University of Stellenbosch Business School, South Africa. He has made significant contributions to financial economics literature, mainly in the areas of banking and finance, development finance, financial market development, corporate finance and governance, international financial flows and growth. Charles Komla Delali Adjasi is a Professor of Development Finance and Economics at University of Stellenbosch Business School, South Africa. He is also a Visiting Professor at the Department of Economics, Econometrics and Finance, University of Groningen, Netherlands. His research focuses on financial markets development, firm productivity, international trade and household welfare. Robert Lensink is a Professor of Finance and Financial Markets at the Department of Economics, Econometrics and Finance, University of Groningen, Netherlands. He is also Professor of Finance and Development at the Development Economics Group, Wageningen University & Research, and has published widely in the area of development finance"--

Contemporary Issues in Development Finance provides comprehensive and up-to-date coverage of theoretical and policy issues in development finance from both the domestic and the external finance perspectives and emphasizes addressing the gaps in financial markets.

The chapters cover topical issues such as microfinance, private sector financing, aid, FDI, remittances, sovereign wealth, trade finance, and the sectoral financing of agricultural and infrastructural projects. Readers will acquire both breadth and depth of knowledge in critical and contemporary issues in development finance from a philosophical and yet pragmatic development impact approach. The text ensures this by carefully integrating the relevant theoretical underpinnings, empirical assessments, and practical policy issues into its analysis. The work is designed to be fully accessible to practitioners with only a limited theoretical economic background, allowing them to deeply engage with the book as useful reference material. Readers may find more advanced information and technical details provided in clear, concise boxes throughout the text. Finally, each chapter is fully supported by a set of review questions and by cases and examples from developing countries, particularly those in Africa.

This book is a valuable resource for both development finance researchers and students taking courses in development finance, development economics, international finance, financial development policy, and economic policy management. Practitioners will find the development impact, policy, and conceptual analysis dimensions insightful analysing and designing intervention strategies.

Recenzijas

This book provides an excellent overview of the challenges of financial sector development in developing countries. The different chapters touch on all the relevant dimensions, including international capital flows, microfinance and financial inclusion. An important contribution to our field! Thorsten Beck, Professor of Banking and Finance, The Business School (formerly Cass), University of London, UK

An abundance of literature exists in development finance, but this book will be an important one stop shop for researchers, teachers, and policy makers. It is thematic and coherent. The underpinning is on contemporary theories and empirics linking finance and development with emphasis on inclusive development. This is because financial sector development alone does not ensure inclusive finance that is vital for inclusive development. The financial instruments considered are also wide ranging; so are the actors who can help bridge the financial development gap. Lemma Senbet, The William E. Mayer Chair Professor of Finance, University of Maryland, USA; Immediate Past Executive Director/CEO, African Economic Research Consortium

List of figures
vii
List of tables
ix
List of contributors
xi
Acknowledgements xv
Chapter 1 Introduction to contemporary issues in development finance
1(19)
Joshua Yindenaba Abor
Charles Komla Delali Adjasi
Robert Lensink
Chapter 2 Finance, economic growth, and development
20(31)
Lordina Amoah
Charles Komla Delali Adjasi
Issouf Soumare
Kofi Achampong Osei
Joshua Yindenaba Abor
Ebenezer Bugri Anarfo
Charles Amo-Yartey
Isaac Otchere
Chapter 3 Microfinance and development
51(22)
Niels Hermes
Robert Lensink
Chapter 4 Private capital flows and economic growth
73(31)
Elikplimi Komla Agbloyor
Alfred Yawson
Pieter Opperman
Chapter 5 Remittances and development
104(36)
Hanna Fromell
Tobias Grohmann
Robert Lensink
Chapter 6 Foreign aid and economic development
140(29)
Matthew Kofi Ocran
Bernardin Senadza
Eric Osei-Assibey
Chapter 7 Global financial architecture: emerging issues and agenda for reforms
169(38)
Joshua Yindenaba Abor
Angela Azumah Alu
David Mathuva
Joe Nellis
Chapter 8 Sovereign wealth management
207(28)
Mbako Mbo
Charles Komla Delali Adjasi
Chapter 9 Sovereign debt management
235(28)
Amin Karimu
Vera Fiador
Imhotep Paul Alagidede
Chapter 10 Financial inclusion and economic growth
263(24)
Joshua Yindenaba Abor
Haruna Issahaku
Mohammed Amidu
Victor Murinde
Chapter 11 Financing agriculture for inclusive development
287(31)
Haruna Issahaku
Edward Asiedu
Paul Kwame Nkegbe
Robert Osei
Chapter 12 Financing sustainable development: new insights for the present and the future
318(33)
Gordon Abekah-Nkrumah
Patrick O. Assuming
Patience Aseweh Abor
Jabir Ibrahim Mohammed
Chapter 13 International trade, finance, and development
351(34)
Steven Brakman
Charles van Marrewijk
Chapter 14 Infrastructure financing and economic development
385(26)
Saint Kuttu
Ashenafi Fanta
Michael Graham
Joshua Yindenaba Abor
Chapter 15 Finance and economic development: the role of the private sector
411(24)
Elikplimi Komla Agbloyor
Joshua Yindenaba Abor
Haruna Issahaku
Charles Komla Delali Adjasi
Index 435
Joshua Yindenaba Abor is a Professor of Finance at the Department of Finance, University of Ghana Business School, Ghana. He is also a Visiting Professor of Development Finance at the University of Stellenbosch Business School, South Africa. He has made significant contributions to financial economics literature, mainly in the areas of banking and finance, development finance, financial market development, corporate finance and governance, international financial flows, and growth.

Charles Komla Delali Adjasi is a Professor of Development Finance and Economics at the University of Stellenbosch Business School, South Africa. He is also a Visiting Professor at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. His research focuses on financial markets development, firm productivity, international trade, and household welfare.

Robert Lensink is a Professor of Finance and Financial Markets at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. He is also a Professor of Finance and Development at the Development Economics Group, Wageningen University & Research, and has published widely in the area of development finance.