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Optimal Financial Structure and Economic Development

Ralph Miliband Series on The Future of Global Capitalism

Date: Monday 12 October 2009
Time: 6.30-8pm
Venue: Old Theatre, Old Building
Speaker: Dr Justin Yifu Lin
Chair: Professor David Held

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.

Justin Yifu Lin is chief economist and senior vice president of the World Bank. Prior to this he served for 15 years as professor and founding director of the China Centre for Economic Research (CCER) at Peking University.

This event is supported by the LSE Annual Fund.


A transcript of Dr Justin Yifu Lin's lecture is now available online:

Download: Optimal Financial Structure and Economic Development (pdf)

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