Financial Sector Development and the Millennium Development Goals (World Bank Working Papers) - Softcover

Claessens, Stijn; Feijen, Erik

Softcover

ISBN 10: 0821368648 ISBN 13: 9780821368640

Publisher: World Bank Publications, 2007

Synopsis

This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence—both cross—country and case study evidence, and provides new evidence. 'Financial Sector Development and the Millennium Development Goals' finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.

About this title

Synopsis

This report was commissioned by The Netherlands Financial Sector Development Exchange (NFX) for its November 2006 conference, held in Amsterdam. The authors (affiliations not cited) assess the extent to which financial sector development can contribute to realization of the eight Millennium Development Goals. Specifically, they consider the effects

Edition details

• Publisher: World Bank Publications
• Publication date: 2007
• Language: English
• ISBN 10: 0821368648
• ISBN 13: 9780821368640
• Binding: Paperback
• Number of pages: 124