{"id":19609,"date":"1998-06-01T08:42:00","date_gmt":"1998-06-01T08:42:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=19609"},"modified":"2023-10-23T12:55:39","modified_gmt":"2023-10-23T12:55:39","slug":"financial-markets-and-economic-development-wp27-june-1998","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/financial-markets-and-economic-development-wp27-june-1998\/","title":{"rendered":"Financial Markets and Economic Development"},"content":{"rendered":"\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>Financial markets can influence economic growth by improving productivity of capital, channeling investment to firms and increasing savings for greater capital accumulation. Because of asymmetric information, however, prudential regulation is necessary to ensure the stability of financial markets, particularly during financial liberalization. At times of liberalization, interest rate controls may be a potentially stabilizing force that should not be viewed only as a form of financial repression. This is particularly true given the potential the negative impact of stock markets \u2014 due to the associated volatility and speculation \u2014 on economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: Financial markets can influence economic growth by improving productivity of capital, channeling investment to firms and increasing savings for greater capital accumulation. Because of asymmetric information, however, prudential regulation is necessary to ensure the stability of financial markets, particularly during financial liberalization. At times of liberalization, interest rate controls may be a potentially stabilizing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-19609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-working-papers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Markets and Economic Development - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/financial-markets-and-economic-development-wp27-june-1998\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Markets and Economic Development - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: Financial markets can influence economic growth by improving productivity of capital, channeling investment to firms and increasing savings for greater capital accumulation. 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