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Author: P. Arestis
Publisher: Springer
Published: 2008-07-24
Total Pages: 231
ISBN-13: 0230227740
DOWNLOAD EBOOKThis 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: Yung Chul Park
Publisher: Harvard University Press
Published: 2021-03-30
Total Pages: 375
ISBN-13: 9780674251281
DOWNLOAD EBOOKKorea'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: Luiz Fernando de Paula
Publisher: Taylor & Francis
Published: 2012-07-26
Total Pages: 273
ISBN-13: 1136854908
DOWNLOAD EBOOKSince the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.
Author: Ronald I. McKinnon
Publisher: ICS Press
Published: 1988
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Luiz Fernando de Paula
Publisher: Routledge
Published: 2012-07-26
Total Pages: 274
ISBN-13: 1136854894
DOWNLOAD EBOOKSince the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.
Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
Published: 2009-10-15
Total Pages: 62
ISBN-13: 1589068181
DOWNLOAD EBOOKThis volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
Published: 2000-01-01
Total Pages: 552
ISBN-13: 9781781952733
DOWNLOAD EBOOKThis 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: Lance Taylor
Publisher:
Published: 2000
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKAuthor: Philip Arestis
Publisher: Springer
Published: 2016-11-26
Total Pages: 384
ISBN-13: 3319412191
DOWNLOAD EBOOKThis 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: Muhammad Shahbaz
Publisher: Springer Nature
Published: 2021-09-21
Total Pages: 245
ISBN-13: 3030790037
DOWNLOAD EBOOKThis book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
