{"product_id":"new-structural-financial-economics-a-framework-for-rethinking-the-role-of-finance-in-serving-the-real-economy-hardback-9781009501712","title":"New Structural Financial Economics; A Framework for Rethinking the Role of Finance in Serving the Real Economy (Hardback) 9781009501712","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eNew Structural Financial Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Framework for Rethinking the Role of Finance in Serving the Real Economy\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eNew Structural Financial Economics offers an alternative framework for rethinking the role of finance in serving the real economy.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJustin Yifu Lin (Author), Jiajun Xu (Author), Zirong Yang (Author), Yilin Zhang (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009501712, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 29 February 2024\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e72 pages\u003cbr\u003e23.5 x 15.8 x 1 cm, 0.25 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis Element proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics. It challenges the conventional wisdom that developing countries should take the financial structure of developed countries as the benchmark and financial structure does not matter in spurring long-run economic development. As a sub-discipline of New Structural Economics, New Structural Financial Economics has three tenets. First, examining the appropriate financial structure should take an economy's factor endowment structure as the starting point of analysis, which identifies its latent comparative advantage. Second, the appropriate financial structure is determined by the financing needs of the prevailing production structure. Third, a government should provide development financing to address market failures, and make tailored financial regulations in line with the characteristics of specific financial arrangements. This title is also available as Open Access on Cambridge Core.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. What is Financial Structure? Does It Matter?\u003cbr\u003e 3. Determinants of Financial Structures\u003cbr\u003e 4. Determines the Appropriate Financial Structure and Empirical Testing\u003cbr\u003e 5. The Role of State in Financial System\u003cbr\u003e 6. Why Excessive Financialization Should Be Avoided?\u003cbr\u003e 7. Conclusion.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Development economics \u0026amp; emerging economies [\u003ca title=\"See our other books on Development economics \u0026amp; emerging economies\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Development%20economics%20\u0026amp;%20emerging%20economies%20%5BKCM%5D%22\"\u003eKCM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52414105714968,"sku":"9781009501712","price":54.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009501712i.jpg?v=1784338106","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/new-structural-financial-economics-a-framework-for-rethinking-the-role-of-finance-in-serving-the-real-economy-hardback-9781009501712","provider":"Freshly Printed Books","version":"1.0","type":"link"}