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Banking and Finance

  • Mozammel Huq
  • Michael Tribe
Chapter

Abstract

Money and credit have many functions in an economy, but from the point of view of economic development, their role in financing agriculture, industry, commerce and other activities is vital. Working as intermediaries, the banking and finance institutions play a major role in raising savings and investment and this role is, obviously, of great importance in developing countries, where both these functions need to be strengthened for faster economic growth.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Mozammel Huq
    • 1
  • Michael Tribe
    • 1
  1. 1.Department of EconomicsUniversity of StrathclydeGlasgowUK

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