Economic Growth and Financial Development

This book looks intotherelationship between financial development, economic growth, and thepossibility ofa potential capital flight in thetransmission process. It also examines theimportant role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact oncapital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, theauthors focus ontherelationship between financial development and economic growth withcapital flight in theera offinancial crisis. Therefore, this book is a must-read forresearchers, scholars, and policy-makers, interested in a better understanding ofeconomic growth and financial development ofemerging economies alike.