The concrete function of the banking system: Samir Amin’s monetary theory of financial underdevelopment
Building on Samir Amin’s monetary theory, this paper argues that the underdevelopment of banking systems in peripheral economies is not merely the result of institutional inefficiencies or market failures but is deeply rooted in structural constraints. These constraints, such as insufficient product...
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| Format: | Article |
| Language: | English |
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Oxford University Press
2025
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| Online Access: | https://repository.londonmet.ac.uk/10020/1/Khafagy_Concrete%20function%20of%20the%20banking%20system.pdf |