Financial Openness, Democracy, and Redistributive Policy PDF Download

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Financial Openness, Democracy, and Redistributive Policy

Financial Openness, Democracy, and Redistributive Policy PDF Author: Mansoor Dailami
Publisher: World Bank Publications
ISBN:
Category : Banks and Banking Reform
Languages : en
Pages : 38

Book Description
What explains the spread of both democracy and financial openness at this time in history, given the constraining impact of financial market integration on national policy autonomy? International policy coordination is part of the answer, but not all. Also important is the presence of cost-effective redistributive schemes that provide insurance against the risk of financial instability.
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