HS 611: Financing Economic Development

Importance`` and` role` of` finance` in`` economic`` development - structure,` growth` and innovations in Indian` financial` system - Sources and` uses of funds - Changes in the rate and composition of savings` and capital formation - The role of commercial` banks` and development` banks` in`` financing private` and` public` sectors - Capital`` and` money `markets` and` changes` in` these`` markets - Institutional` financing` of` economic` development -` The`` role, limitations` and problems of internal and external` debt of Govt. and` dangers` of deficit, financing- Bilateral` and` multilateral foreign` aid - Private Foreign investment - Role of World` Bank,` IMF, and international capital markets in financing development.

Texts/References

R.E.B.` Lucas and G.F. Papanek (eds), The Indian Economy:` Recent Development and Future Prospects (OUP), 1988.

Bauer,` P.T.,` Dissent on Development,` Vikas` Publishing` House, , 1973.

International Economic Association,` Financing`` Problems`` of Development` Countries,`` A` Gutowski,` A.A.,` Arnando` and` H.E. Scharrer (eds) Macmillan Press Ltd., London 1985.

Newlyn,` W.T.,` The` Financing of` Economic` Development,` Press, , 1977.

Richard, Goode, Government Finance in Developing Countries,` Tata McGraw Hill Co., New Delhi, 1984.