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Optimal Financial Structure and Economic Development

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Speaker(s): Dr Justin Yifu Lin
Chair: Professor David Held

Recorded on 12 October 2009 in Old Theatre, Old Building.

The Optimal Financial Structure of a specific stage of development in an economy is determined by the structures of industries and firm sizes in the economy. These, in turn, are determined by the economy's factor endowments at that stage. This lecture will discuss the existence on an endogenously determined optimal composition of various financial arrangements, that is, optimal financial structure, for an economy at different stages of development.

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