A Survey of Financial Liberalization PDF Download

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

View

Book Description

Author: Ronald I. McKinnon
Publisher: ICS Press
ISBN:
Category : Asia
Languages : en
Pages : 54

View

Book Description

Author: Murat  Yülek
Publisher:
ISBN: 9789756951088
Category : Financial crises
Languages : en
Pages : 168

View

Book Description

Author: Mr.Sergio L. Schmukler
Publisher: International Monetary Fund
ISBN: 1451845286
Category : Business & Economics
Languages : en
Pages : 61

View

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.

Author: Tim Niepel
Publisher: GRIN Verlag
ISBN: 3656972532
Category : Business & Economics
Languages : en
Pages : 43

View

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.

Author: P. Arestis
Publisher: Springer
ISBN: 0230522386
Category : Political Science
Languages : en
Pages : 179

View

Book Description
The financial liberalization thesis emerged in the 1970s and has been of considerable importance ever since, not merely in terms of its theoretical influence but, perhaps more importantly, in terms of its impact on policy makers and policy debates. Although it has encountered increasing scepticism over the years, it nevertheless had a relatively early impact on development policy, which still continues unabated, through the work of the IMF and the World Bank. The latter two institutions, perhaps in their traditional role as promoters of what were claimed to be free market conditions, were keen to encourage financial liberalization policies as part of more general reforms or stabilization programmes. This book explores what we have learned from the vast experience of the theoretical and policy aspects of the financial liberalization.

Author: K. L. Gupta
Publisher: Springer Science & Business Media
ISBN: 9401153701
Category : Business & Economics
Languages : en
Pages : 283

View

Book Description
Experiences with Financial Liberalization provides a broad spectrum of policy experiences relating to financial liberalization around the globe since the 1960s. There is a sizable body of theoretical and aggregative empirical literature in this area, but there is little work documenting and analyzing the experiences of individual countries and/or sets of countries. This book is divided into four parts by geographical region - Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Aggregative econometric studies cannot substitute for country-wide studies in allowing the researcher to draw lessons for the future, and this volume adds to this relatively small body of literature.

Author: Robert B. Packer
Publisher: Routledge
ISBN: 1136784772
Category : Business & Economics
Languages : en
Pages : 230

View

Book Description
In this study, the author hopes to add to the literature concerning the distributional consequences of financial integration by focusing on the rise of non-state actors within a transformed international system. In it, he argues that structural change brought on by transnational production and post-industrialization has created space for non-state actors to acquire autonomy from sovereign entities. While finance is by no means the only specialized sector to achieve autonomy, it has perhaps the most immediate impact on the ability of governments to pursue policy. First published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

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

View

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.

Author: Trevor M. Sikorski
Publisher: World Bank Publications
ISBN: 0928064220
Category : Free enterprise
Languages : en
Pages : 31

View

Book Description