Recent policies for financial market integration in Indonesia
In most developing countries financial markets are still highly fragmented and dualistic (Nunnenkamp 1985, p. 20). This is considered as a hindering factor to economic development. The rationale behind this is the view shared by most economists that a higher level of financial integration c.p. lowers intermediation costs, encourages competition and improves the allocation of loanable funds throughout the economy.
Year of publication: |
1987
|
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Authors: | Sell, Friedrich L. |
Institutions: | Institut für Weltwirtschaft (IfW) |
Saved in:
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