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Ursula Hicks and Vera Lutz’s Contributions to Development Finance

2018

International audience; This paper analyses the different approaches of two pioneering economists in the field of development finance, Ursula Kathleen Hicks (1896-1985) and Vera Constance Lutz (1912-1976). While research in economics in the 1950s focuses predominantly on finance in already developed countries (Goldsmith, 1969 and Gurley and Shaw, 1955), Hicks and Lutz extended the analysis to developing countries and/or regions – an original initiative for this period of time. Interested in the study of money and banking, Hicks and Lutz nevertheless had different beliefs on the way to promote economic development. This difference of thought comes from differing philosophical backgrounds.

free bankingJEL: B - History of Economic Thought Methodology and Heterodox ApproachesJEL : B - History of Economic Thought Methodology and Heterodox Approaches/B.B2 - History of Economic Thought since 1925JEL : B - History of Economic Thought Methodology and Heterodox Approachesdevelopment banksthe nature on money[ SHS.ECO ] Humanities and Social Sciences/Economies and finances[SHS.ECO]Humanities and Social Sciences/Economics and Finance[SHS.ECO] Humanities and Social Sciences/Economics and Financethe nature of moneycentral bankingJEL: B - History of Economic Thought Methodology and Heterodox Approaches/B.B2 - History of Economic Thought since 1925
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