Development Finance

This book presents a broad range of empirical research papers covering key issues in development finance. Despite having gained significant momentum in Africa and other emerging economies, textbooks and research publications on development finance are still very limited. This book shines a light on the main focal areas of the international 'finance for development' agenda and outlines innovative approaches to enhance economic growth and development finance to contribute towards realizing global sustainable development goals. Chapters from expert contributors cover topics such as domestic resource mobilization, debt relief, microfinance, financial sustainability, tax buoyancy, Foreign Direct Investment, foreign capital flows, and labour productivity. This book serves as a valuable reference tool for researchers, students and practitioners in this field.

Nicholas Biekpe is Professor of Development Finance and Econometrics at the Graduate School of Business, University of Cape Town, and Executive Chairman of the Chartered Institute of Development Finance, South Africa. He is Editor-in-Chief of the Review of Development Finance, Executive Editor of the African Finance Journal, Africagrowth Agenda, and Development Finance Agenda, and Editor of the Journal of African Trade.

Danny Cassimon is Professor at the Institute of Development Policy and Management at the University of Antwerp, Belgium. He researches and publishes widely in the field of 'finance for development', particularly on topics related to sovereign debt sustainability and relief, and on applying real option theories to development-related (global) policy decisions.

Andrew Mullineux is Professor of Financial Economics and Head of the Department of Finance, Birmingham Business School, University of Birmingham, UK. Andrew researches and publishes widely in the fields of money, banking and finance, including business cycles and financial crisis. In the development finance area, he works on access to finance, including micro and SME financing, financial sector development and monetary unions.