01679cas a2200253 a 4500 AALejournalIMF003259 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875775 1018-5941 BD-DhAAL BD-DhAAL Nkusu, Mwanza. Local Financial Development and the Aid-Growth Relationship / Mwanza Nkusu, Selin Sayek. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear relationship. In this paper, we investigate a new hypothesis regarding this relationship: that deeper financial markets in aid-recipient countries facilitate the management of aid flows, thereby enhancing aid effectiveness. An empirical analysis, using a panel data set, finds robust support for the hypothesis. Mode of access: Internet Sayek, Selin. IMF Working Papers; Working Paper ; No. 2004/238 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/238/001.2004.issue-238-en.xml IMF e-Library