Financial market liberalization and economic growth PDF Download

Author: Gus Garita
Publisher: Rozenberg Publishers
ISBN: 9051708785
Category :
Languages : en
Pages : 228

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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.

Author: Ronald I. McKinnon
Publisher: ICS Press
ISBN:
Category : Asia
Languages : en
Pages : 52

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Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 9781781952733
Category : Business & Economics
Languages : en
Pages : 552

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Book Description
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.

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.

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.

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

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Book Description

Author: Rajib Bhattacharyya
Publisher: Emerald Publishing Limited
ISBN: 9781838670047
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

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

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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: 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.