Money, Interest, and Banking in Economic Development Book

	List of Figures
	List of Tables
	List of Acronyms
	Preface and Acknowledgements
I	Theoretical Models of Financial Development	1
1	Keynesian Monetary Growth Models and the Rationale for Financial Repression	3
2	The McKinnon-Shaw Financial Development Framework	20
3	The McKinnon-Shaw School	39
4	Financial Development in Endogenous Growth Models	61
5	Financial Repression and Capital Inflows	78
6	Critics of Financial Liberalization	109
7	The Required Reserve Ratio in Financial Development	132
II	Econometric Testing of Financial Development Models	153
8	Effects of Financial Conditions on Saving, Investment, and Growth	155
9	Empirical Evidence on Transmission Mechanisms and Income Distribution	190
10	Effects of Financial Liberalization on Inflation and Short-Run Growth	206
11	Monetary Policies in Pacific Basin Developing Economies	229
12	Foreign Capital Flows to Developing Countries	255
III	Microeconomic and Institutional Aspects of Financial Development	291
13	Financial Institutions, Instruments, and Markets	293
14	Financial Institutions and Markets in Developing Countries	317
15	Government Intervention in the Financial Sector	353
IV	Monetary and Financial Policies in Economic Development	373
16	Macroeconomic Environment and Macroeconomic Policies	375
17	Central Banks and Deficit Finance in Developing Countries	393
18	Interest Rate and Selective Credit Policies	420
19	Policies for Financial Development	450
	Bibliography	473
	Index	529