About: Financial sector development

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Financial sector development in developing countries and emerging markets is part of the private sector development strategy to stimulate economic growth and reduce poverty.The Financial sector is the set of institutions, instruments, and markets. It also includes the legal and regulatory framework that permit transactions to be made through the extension of credit. Fundamentally, financial sector development concerns overcoming “costs” incurred in the financial system. This process of reducing costs of acquiring information, enforcing contracts, and executing transactions results in the emergence of financial contracts, intermediaries, and markets. Different types and combinations of information, transaction, and enforcement costs in conjunction with different regulatory, legal and tax sy

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rdfs:label	Financial sector development (en)
rdfs:comment	Financial sector development in developing countries and emerging markets is part of the private sector development strategy to stimulate economic growth and reduce poverty.The Financial sector is the set of institutions, instruments, and markets. It also includes the legal and regulatory framework that permit transactions to be made through the extension of credit. Fundamentally, financial sector development concerns overcoming “costs” incurred in the financial system. This process of reducing costs of acquiring information, enforcing contracts, and executing transactions results in the emergence of financial contracts, intermediaries, and markets. Different types and combinations of information, transaction, and enforcement costs in conjunction with different regulatory, legal and tax sy (en)
dcterms:subject	International development
Wikipage page ID	3077684 (xsd:integer)
Wikipage revision ID	1119002666 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital accumulation Private sector development Deposit account Poverty reduction Contract Emerging markets International development Credit Daron Acemoglu Economic growth Financial crisis of 2007–2008 Financial market Asian Institute of Finance Assets Access to finance Economic development Porfirio Díaz Financial institution Financial instrument Financial intermediary Financial regulation Financial system Financial transaction Risk management Shock (economics) Ex-ante Remittances Financial sector Small and medium enterprise
Link from a Wikipage to an external page	https://web.archive.org/web/20120926233343/http:/econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTGLOBALFINREPORT/0,,menuPK:8816192~pagePK:64168176~piPK:64168140~theSitePK:8816097,00.html http://ibisonline.net/En/Policy_Dialogue/TenYearFrameworkAndStrategies.pdf/
sameAs	Financial sector development Financial sector development Financial sector development
dbp:wikiPageUsesTemplate	dbt:Reflist
has abstract	Financial sector development in developing countries and emerging markets is part of the private sector development strategy to stimulate economic growth and reduce poverty.The Financial sector is the set of institutions, instruments, and markets. It also includes the legal and regulatory framework that permit transactions to be made through the extension of credit. Fundamentally, financial sector development concerns overcoming “costs” incurred in the financial system. This process of reducing costs of acquiring information, enforcing contracts, and executing transactions results in the emergence of financial contracts, intermediaries, and markets. Different types and combinations of information, transaction, and enforcement costs in conjunction with different regulatory, legal and tax systems have motivated distinct forms of contracts, intermediaries and markets across countries in different times. The five key functions of a financial system in a country are: (i) information production ex ante about possible investments and capital allocation; (ii) monitoring investments and the exercise of corporate governance after providing financing; (iii) facilitation of the trading, diversification, and management of risk; (iv) mobilization and pooling of savings; and (v) promoting the exchange of goods and services. Financial sector development takes place when financial instruments, markets, and intermediaries work together to reduce the costs of information, enforcement and transactions. A solid and well-functioning financial sector is a powerful engine behind economic growth. It generates local savings, which in turn lead to productive investments in local business. Furthermore, effective banks can channel international streams of private remittances. The financial sector therefore provides the rudiments for income-growth and job creation. (en)
gold:hypernym	Part
prov:wasDerivedFrom	wikipedia-en:Financial_sector_development?oldid=1119002666&ns=0
page length (characters) of wiki page	13627 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Financial_sector_development
is Link from a Wikipage to another Wikipage of	Deutsche Gesellschaft für Internationale Zusammenarbeit Richard K. Green Gibraltar Benoit Crutzen Choson Exchange Stijn Claessens Karamoja Financial Stability and Development Council Five-Year Plans of Pakistan
is foaf:primaryTopic of	wikipedia-en:Financial_sector_development

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