Can Financial Infrastructures Foster Economic Development?.

In this paper, financial infrastructures increase the efficiency of the banking sector: they decrease the market power (due to horizontal differentiation) of the financial intermediaries, lower the cost of capital, increase the number of depositors and the amount of intermediated savings, factors which in turn increase the growth rate and may help countries to take off from a poverty trap.

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Year of publication:	2001
Authors:	Amable, B. ; Chatelain, J.-B.
Institutions:	Banque de France
Subject:	COMPETITION \| EFFICIENCY \| BANKING \| ECONOMIC DEVELOPMENT

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Series:	Banque de France - Direction Generale des Etudes.
Type of publication:	Book / Working Paper
Notes:	18 pages
Classification:	O16 - Financial Markets; Saving and Capital Investment ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005487052