Improved understanding of the key role of financial aspects in the growth anddevelopment of economic systems is an important aspect of economic analysis.This fi... » 

Improved understanding of the key role of financial aspects in the growth anddevelopment of economic systems is an important aspect of economic analysis.This first textbook on development finance provides a comprehensive coverage ofthis new area of economics. The book integrates relevant theoretical approachesand their policy applications. A unique perspective combines transaction costeconomics and neoclassical economics. The author also treats important policyissues of national and international relevance. The roles of public and privatefinance domestic and external finance shortterm and longterm capital flowssovereign debt management features country risk and other determinants offoreign direct investments multilateral official development assistance anddevelopment of financial institutions are some of the topics examined in thisbook. TOCMarkets Institutions and Transaction Costs. Finance EconomicGrowth and Development. Microcredit and Inverted Banking. Global FinancialArchitecture. External Aid and Development. Sovereign Debt Management.Project Appraisal Improved Methods. Finance and Sustainable Development.Perspectives. Select Website Addresses. Index. «