Financial development and industrial capital accumulation
By: by Biagio Bossone.
Contributors: World Bank. Financial Sector Practice. Financial Economics Group.
Series: Policy research working paper ;; 2201; Policy research working papers ;; 2201.
Publisher: World Bank, Financial Sector Practice Dept., Financial Economics Unit
Published: 1999
Place of publication: Washington, DC
Language: eng
Number of pages: 25
Subjects: Banks and banking -- Developing countries.; Financial institutions -- Developing countries.; Banks and banking -- Service charges -- Developing countries.; Saving and investment -- Developing countries.
Description: There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development.  The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.
Notes: Includes bibliographical references (p. 23-24).
"October 1999"--Cover.
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