Finance for Development: a research agenda

©Massimo Sana, Finance behind the glass 

©Massimo Sana, Finance behind the glass 

Research Report 

Author: Thorsten Beck

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This paper summarises the existing  literature on the relationship between the financial and the real sector, and proposes an empirical research agenda going forward. Research should be guided by theory; historic and present-day experiences in developed economies can inform policy dialogue in developing countries.

Professor Thorsten Beck is based at the Cass Business School, London; Tilburg University, The Netherlands; and Centre for Economic Policy Research (CEPR). This paper was written for the ODI under a grant from the DFID-ESRC Growth Research Programme (DEGRP).