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Flow of funds: implications for research and financial sector development and the real economy

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posted on 2005-08-22, 11:40 authored by Christopher Green, Victor Murinde
This paper provides a selective survey of the leading theoretical and empirical issues surrounding the flow of funds: its meaning and origin, problems of construction, and more particularly the key issues involved in financial modelling. It is argued that there is an intimate connection between the flow of funds, interest rate and asset price determination, and hence incomes and expenditures in an economy. The paper also explores the reasons for lack of success at empirical flow of funds modelling and proposes “promising research ideas” (PRIs) for future research on the relationship between financial sector development and the real economy, especially in order to identify effective financial sector policies for promoting poverty-reducing economic growth in low-income developing countries.

History

School

  • Business and Economics

Department

  • Economics

Pages

87256 bytes

Publication date

2000

Notes

Economics Research Paper, no.00-06

Language

  • en

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