Table of Contents
1. Introduction Alberto Giovannini; Part I. The Role of Finance in Economic Development: 2. International finance and economic development Paul Krugman; 3. A theory of financial development Oren Sussman; 4. Capital market imperfections and regional economic development Bruce C. Greenwald, Alec Levinson and Joseph E. Stiglitz; 5. Convergence in the closed and in the open economy Daniel Cohen; Part II.A. Case Studies - Financial Markets and Economic Development: 6. The role of finance in economic development in South Korea and Taiwan Yung Chul Park; 7. Finance and development: the case of Southern Italy Riccardo Faini, Giampaolo Galli and Curzio Giannini; Part II. B. Case Studies - Government Policies: 8. Macroeconomic control in liberalizing socialist economies: Asian and European parallels Ronald I. McKinnon; 9. Regional imbalances and government compensatory financial flows: the case of Spain Juan Ramón Cuadrado, Guillermo de la Dehesa and Andres Precedo; Part III. Development Finance: 10. Financing and development in Eastern Europe and the former Soviet Union: issues and institutional support Philippe Aghion and Robin Burgess; 11. Overview Joseph E. Stiglitz.
