Domestic capital is the driving force behind any country's development, and effective domestic financial institutions are one of its most important facilitators, as these are the key channels between savings, and investment, a determinant of a country's economic growth. At the same time, foreign investment has a critical role to play, for it also brings foreign technical knowledge, competitive pricing, and higher standards of disclosure and performance. On developing the financial sector, the study looks at how to build ...

Financial Institutions 1998, World Bank Publications, Washington, DC

ISBN-13: 9780821343432

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