Module Identifier ECM1410  
Academic Year 2003/2004  
Co-ordinator Dr Reza Arabsheibani  
Semester Semester 2  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   5 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment 2000 written assessment20%

Brief description

The course will start by looking at financial institutions and markets in LDCs and then proceed to look at the relationship between finance and growth, the determinants of savings and financial repression and liberalisation in developing countries. It then will consider the impact of positive financial flows, such as foreign aid and negative financial flows such as capital flight. The course then considers the causes and consequences of the debt crisis in mid 1980s and the financial crisis of the 1990s in Asia and Latin America. Government budget deficits are often the cause of such crisis but it will be demonstrated that, especially in the case of the Asian crisis, it was not the culprit. Finally the course considers the informal credit markets and the macroeconomic impact of informal financial markets.

Reading Lists

D Rey (1998) Development Economics Princeton University Press
P J Moneal, P R Agenor and N Ul Haque (1993) Informal Markets in Developing Countries Blackwell
M F Fry (1995) Money, Interest and Banking in Economic Development John Hopkins University Press
V Murinde (1996) Development Banking and Finance Avebury


This module is at CQFW Level 7