Money, Interest and Banking in Economic Development

Combining theory, empirical evidence, institutional analysis, and policy evaluation, the second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries. Maxwell Fry includes new chapters on finance in endogenous growth models, financial repression and capital flows, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in developing countries. All other chapters have been rewritten to amend and extend the analysis in the light of the literature explosion over the past seven years. The second edition contains over 400 new bibliographical entries.