Small Banks and Local Economic Development*

Local economic development via urbanism lever: the case of Lebanon

The present paper analyses local economic development issues through the prism of urban governance theories and models. From theoretical corpora to empirical LED case studies, we emphasise, through the anarchy paradigm, the privatisation tendencies of urban planning and development projects in local territories. We have taken an interest in comparative analysis of principal concepts and ...

No . 2006 / 54 Central Banks as Agents of Economic Development

In the last two decades, there has been a global sea change in the theory and practice of central banking. The currently dominant ‘best practice’ approach to central banking consists of the following: (1) central bank independence (2) a focus on inflation fighting (including adopting formal ‘inflation targeting’) and (3) the use of indirect methods of monetary policy (that is, short-term intere...

Small Business and Economic Development for Nebraska

Embracing Locality in Local Economic Development

Scholarly research in urban and regional economic development has been heading unwittingly toward a postmodern embrace of locality. The literature on global economic restructuring, in ̄ uenced by regulation theory, has produced a wealth of case studies that exemplify the importance of the local. The public policy literature, having documented the decreasing in ̄ uence of the nation state, demonst...

Stock Markets, Banks, and Economic Growth

Ross Levine and Sara Zervos Abstract: Do well-functioning stock markets and banks promote long-run economic growth? This paper shows that stock market liquidity and banking development both positively, predict growth, capital accumulation, and productivity improvements when entered together in regressions, even after controlling for economic and political factors. The results are consistent wit...