Contemporary Issues in Development Finance

Joshua Yindenaba Abor is a Professor of Finance at the Department of Finance, University of Ghana Business School, Ghana. He is also a Visiting Professor of Development Finance at the University of Stellenbosch Business School, South Africa. He has made significant contributions to financial economics literature, mainly in the areas of banking and finance, development finance, financial market development, corporate finance and governance, international financial flows, and growth.Charles Komla Delali Adjasi is a Professor of Development Finance and Economics at the University of Stellenbosch Business School, South Africa. He is also a Visiting Professor at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. His research focuses on financial markets development, firm productivity, international trade, and household welfare.Robert Lensink is a Professor of Finance and Financial Markets at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. He is also a Professor of Finance and Development at the Development Economics Group, Wageningen University & Research, and has published widely in the area of development finance.

• 1. Introduction to contemporary issues in development finance 2. Finance, economic growth, and development 3. Microfinance and development 4. Private capital flows and economic growth 5. Remittances and development 6. Foreign aid and economic development 7. Global financial architecture: emerging issues and agenda for reforms 8. Sovereign wealth management 9. Sovereign debt management 10. Financial inclusion and economic growth 11. Financing agriculture for inclusive development 12. Financing sustainable development: new insights for the present and the future 13. International trade, finance, and development 14. Infrastructure financing and economic development 15. Finance and economic development: the role of the private sector

“This book provides an excellent overview of the challenges of financial sector development in developing countries. The different chapters touch on all the relevant dimensions, including international capital flows, microfinance and financial inclusion. An important contribution to our field!” – Thorsten Beck, Professor of Banking and Finance, The Business School (formerly Cass), University of London, UK“An abundance of literature exists in development finance, but this book will be an important ‘one stop shop’ for researchers, teachers, and policy makers. It is thematic and coherent. The underpinning is on contemporary theories and empirics linking finance and development with emphasis on inclusive development. This is because financial sector development alone does not ensure inclusive finance that is vital for inclusive development. The financial instruments considered are also wide ranging; so are the actors who can help bridge the financial development gap.” – Lemma Senbet, The William E. Mayer Chair Professor of Finance, University of Maryland, USA; Immediate Past Executive Director/CEO, African Economic Research Consortium