Venture Capital - Typical constraints of VCF in LDCs（二）.pptVIP

下载本文档

1
0
约2.76千字
约 15页
2018-05-31 发布于河北
举报
版权申诉

Venture Capital - Typical constraints of VCF in LDCs（二）.ppt

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

Venture Capital - Typical constraints of VCF in LDCs（二）

OBJECTIVE FINANCIAL SYSTEM STABILITY IS A CRITICAL FOUNDATION. A FINANCIAL SYSTEM IS USED FOR THE MOBILISATION, ALLOCATION AND MONITORING OF RESOURCES. FINANCIAL SYSTEM PLAYERS FINANCIAL SYSTEM REGULATORS BANKING, MICRO FINANCE NON BANK FINANCIAL INSTITUTIONS LEASING, INSURANCE CAPITAL MARKETS, MORTGAGE FINANCE, PENSIONS, SOCIAL SECURITY ETC. FINANCIAL SYSTEM SUPPLY OF FINANCIAL PRODUCTS. FINANCIAL INTERMEDIATION-PLUMBING. DEMAND SIDE FOR FINANCIAL PRODUCTS. OUR FINANCIAL SYSTEMS ARE SHALLOW. PARADIGM SHIFT REQUIRED THE SOLUTION IS GROWTH, GROWTH AND ECONOMIC GROWTH. THE SOLUTION IS THAT GROWTH =SAVINGS=INVESTMENT. NOT MODEL! SAVINGS=INVESTMENT=GROWTH THAT THEY TAUGHT ME IN ECONOMICS. AFRICA -CAPITAL FORMATION FOREIGN DIRECT INFLOWS PRIVATE CAPITAL FLOWS DOMESTIC CAPITAL MOBILISATION EXPORTS PUBLIC EXTERNAL LOANS UNSUSTAINABLE GRANTS FISCAL STANCE REVENUE EXPENDITURE-EFFICIENT UTILIZATION OF TAXPAYER RESOURCES. INCREASE SPENDING ON SOCIAL SERVICES. FISCAL DEFICIT SUSTAINABILITY! PRUDENT GOVERNMENT EXPENDITURE CONTROL, SIZE OF BUDGET DEFICIT AND DOMESTIC BORROWING REQUIREMENT. FISCAL POLICY CHALLENGES SUSTAINABILITY OF FISCAL DEFICIT. INCREASING SAVINGS TO GDP. DEBT SUSTAINABILITY. VALUE FOR MONEY EXPENDITURE? INCREASING DOMESTIC REVENUE. INCREASING PRIVATE SECTOR CREDIT. UGANDA-BUDGET DEFICIT INCREASE IN FISCAL DEFICITS SINCE 98 NOT THE RESULT OF POOR EXPENDITURE CONTROL, NOR DUE TO DOMESTIC REVENUE SHORTFALLS FROM PROGRAMMED LEVELS BUT DUE TO AID FOR SOCIAL SECTOR. DEBATE THAT GOVERNMENT SHOULD INCREASE SPENDING ON SOCIAL SERVICES IS STILL ONGOING. MONETARY POLICY PRICE STABILITY. FINANCIAL SECTOR STABILITY. LONG TERM FINANCIAL INSTRUMENTS. EFFICIENT PAYMENT SYSTEMS. PRIVATE SECTOR YIELD CURVE. CASH ECONOMY? CATALYSTS REQUIRED PENSION REFORM INSURANCE REFORM CAPITAL MARKETS-STOCK EXCHANGES SOVEREIGN RATINGS, CREDIT RATINGS. IT FINANCIAL SERVICES. GOOD GOVERNANCE-ECONOMICS OF SELF REGULATION. ECONOMICS OF INFORMATION. HOUSING-EQUITY CULTURE. INGRIEDENTS MAN