The Resource Risks and returns : managing financial trade-offs for inclusive growth in Europe and Central Asia, David Michael Gould and Martin Melecky

Risks and returns : managing financial trade-offs for inclusive growth in Europe and Central Asia, David Michael Gould and Martin Melecky

Label
Risks and returns : managing financial trade-offs for inclusive growth in Europe and Central Asia
Title
Risks and returns
Title remainder
managing financial trade-offs for inclusive growth in Europe and Central Asia
Statement of responsibility
David Michael Gould and Martin Melecky
Creator
Contributor
Author
Subject
Language
eng
Summary
During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on bank credit expansion often funded by foreign capital. This model helped boost the financial inclusion of firms and households, but was also accompanied by lower financial efficiency and increased vulnerability to banking crises. The need for financial sector reforms has become more urgent as stagnating income growth, particularly of middle-to lower-income earners, is leading to increased dissatisfaction with the status quo of low productivity growth and limited access to opportunities. This demand for change can be the impetus for rebalancing financial policies to support higher and more inclusive growth. A healthy and balanced financial sector is needed to support structural adjustment in the oil dependent economies of the eastern side ECA and greater innovation in the countries of the western part of ECA. This report argues that financial development must reach beyond increasing access to credit. ECA countries should strive to build balanced financial systems integrating both bank and non-bank markets, enabling prudent financial inclusion. Most importantly, ECA falls significantly behind other world regions in the use of saving products. Striking the right balance across all dimensions of financial development (stability, efficiency, inclusion, and overall depth) is crucial for achieving and sustaining inclusive growth
Member of
Cataloging source
N$T
Dewey number
332.1094
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG186.A2
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Europe and Central Asia studies
Label
Risks and returns : managing financial trade-offs for inclusive growth in Europe and Central Asia, David Michael Gould and Martin Melecky
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn972478030
Dimensions
unknown
Extent
1 online resource (265 pages)
File format
unknown
Form of item
online
Isbn
9781464809682
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
color illustrations
Quality assurance targets
unknown
http://library.link/vocab/recordID
.b36814222
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)972478030
  • pebc1464809682

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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