Financial Liberalization

Financial Liberalization PDF Author: Gerard Caprio
Publisher: Cambridge University Press
ISBN: 0521803691
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
This volume provides a rounded view of financial liberalization after the collapses in East Asia.

Financial Liberalization

Financial Liberalization PDF Author: Gerard Caprio
Publisher: Cambridge University Press
ISBN: 0521803691
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
This volume provides a rounded view of financial liberalization after the collapses in East Asia.

Financial Liberalization and Economic Development in Korea, 1980-2020

Financial Liberalization and Economic Development in Korea, 1980-2020 PDF Author: Yung Chul Park
Publisher: Harvard University Press
ISBN: 9780674251281
Category :
Languages : en
Pages : 375

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Book Description
Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.

A Survey of Financial Liberalization

A Survey of Financial Liberalization PDF Author: John Williamson
Publisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Business & Economics
Languages : en
Pages : 84

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Book Description


Financial Liberalisation

Financial Liberalisation PDF Author: Philip Arestis
Publisher: Springer
ISBN: 3319412191
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
This book is the thirteenth volume in the International Papers in Political Economy (IPPE) series which explores the latest developments in political economy. A collection of eight papers, the book concentrates on the deregulation of domestic financial markets and discusses financial liberalisation in terms of its past performance, current progress and future developments. The chapters have been written by expert contributors in the field and focus on topics such as past records of financial liberalisation, future policies of regulation, and current account imbalances. Other papers examine capital account regulations in developing and emerging countries, and capital controls in the Eurozone after the 2007 financial crisis. This collection of papers invites readers to consider the impact of financial liberalisation both during and after the global economic crisis. Scholars and students with an interest in political economy, financialisation, and economic performance will find this collection stimulating and informative.

The Order of Economic Liberalization

The Order of Economic Liberalization PDF Author: Ronald I. Mckinnon
Publisher: JHU Press
ISBN: 9780801847431
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

Financial Liberalization, Credit Market Imperfections and Financial System Stability

Financial Liberalization, Credit Market Imperfections and Financial System Stability PDF Author: Tim Niepel
Publisher: GRIN Verlag
ISBN: 3656972532
Category : Business & Economics
Languages : en
Pages : 43

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Book Description
Master's Thesis from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,5, Utrecht University (Utrecht School of Economics), language: English, abstract: Financial liberalization stimulates competition and thereby supposedly increases the efficiency of investment. A simple credit market model is developed to show that such efficiency improvements may be disturbed by competition-induced incentives for banks to accept higher default rates, which result in instability of the financial system. Thereby we offer a complementary explanation to the relationship between competition and stability in financial markets. Consequently we argue that government intervention, in the form of intelligent regulation, is necessary to ensure the development of sustainable financial markets.

Financial Liberalization in Developing Countries

Financial Liberalization in Developing Countries PDF Author: Abdullahi Dahir Ahmed
Publisher: Springer Science & Business Media
ISBN: 3790821683
Category : Business & Economics
Languages : en
Pages : 303

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Book Description
The recent global ?nancial crisis has made ?nancial liberalization a topic of great academic and practical interest. This book makes new contributions to the topic by combining fact-?nding, empirical analysis, and theory to examine the relationship between ?nancial liberalization and economic growth. Among its contributions, the book provides detailed country assessments on the effects of ?nancial liberalization, including its striking impact on the banking sector. Although an important goal of ?nancial deregulation has been to help ?nancial institutions better perform their role in intermediating resources, the book models how deregulation may fail to achieve that goal in countries with underdeveloped ?nancial markets and institutions. For that purpose, the book draws on actual experience in Kenya, Malawi, Botswana, and Thailand. This book should constitute important reading for students of ?nancial economics, researchers and general academics, ?nancial practitioners, policymakers, and teachers of economics. North Carolina, USA Steven L. Schwarcz December 2008 Stanley A. Star Professor of Law & Business, Duke University Founding Director, Duke Global Capital Markets Center Durham vii Abstract and Preface The latest global ?nancial and economic crisis of 2008 shows the need to - examine the desirability of ?nancial liberalization and the basis for the view that ?nancial deregulation by itself cannot be considered as a substitute for better economic management. The literature on ?nancial liberalization has identi?ed various mechanisms through which removing controls on interest rates may impact economic growth.

Short-Run Pain, Long-Run Gain

Short-Run Pain, Long-Run Gain PDF Author: Mr.Sergio L. Schmukler
Publisher: International Monetary Fund
ISBN: 1451845286
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock market prices. Our results indicate that financial liberalization is followed by more pronounced boom-bust cycles in the short run. However, financial liberalization leads to more stable markets in the long run. Finally, we analyze the sequencing of liberalization and institutional reforms to understand the contrasting short- and long-run effects of liberalization.

Financial Liberalization and Economic Performance in Emerging Countries

Financial Liberalization and Economic Performance in Emerging Countries PDF Author: P. Arestis
Publisher: Springer
ISBN: 0230227740
Category : Business & Economics
Languages : en
Pages : 231

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Book Description
This book discusses the relationship between financial liberalization, financial deepening and economic performance from both a theoretical and a policy perspective, comparing several 'big' emerging countries: Argentina, Brazil, China, India, Russia, South Africa and India, amongst others.

Financial Liberalization in Developing Countries

Financial Liberalization in Developing Countries PDF Author: Trevor M. Sikorski
Publisher: World Bank Publications
ISBN: 0928064220
Category : Free enterprise
Languages : en
Pages : 31

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Book Description