Financial Liberalization And Economic Performance
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Author | : P. Arestis |
Publisher | : Springer |
Total Pages | : 231 |
Release | : 2008-07-24 |
Genre | : Business & Economics |
ISBN | : 0230227740 |
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 | : Yung Chul Park |
Publisher | : Harvard University Press |
Total Pages | : 375 |
Release | : 2021-03-30 |
Genre | : |
ISBN | : 9780674251281 |
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 | : Luiz Fernando de Paula |
Publisher | : Taylor & Francis |
Total Pages | : 273 |
Release | : 2012-07-26 |
Genre | : Business & Economics |
ISBN | : 1136854908 |
Since 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 |
Total Pages | : 52 |
Release | : 1988 |
Genre | : Asia |
ISBN | : |
Author | : Luiz Fernando de Paula |
Publisher | : Routledge |
Total Pages | : 274 |
Release | : 2012-07-26 |
Genre | : Business & Economics |
ISBN | : 1136854894 |
Since 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 |
Total Pages | : 62 |
Release | : 2009-10-15 |
Genre | : Business & Economics |
ISBN | : 1589068181 |
This 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 | : Indrajit Bairagya |
Publisher | : Routledge |
Total Pages | : 206 |
Release | : 2014-10-03 |
Genre | : Business & Economics |
ISBN | : 1317631773 |
Impact of liberalization on informality has been a subject of intense debate for many years and the major issue that has come up is whether liberalization helps to grow informal sector and informality in the economy or it is an obstruction for informal sector’s growth. Thus, in the light of the recent liberalization measure, this book sets to examine general presumptions of the development of informal sector in the context of the Indian economy. The book begins with a broad framework for analysis of output contribution and growth of the informal sector. Liberalization is measured by openness indices and inter-sectoral linkages. Impact of liberalization on growth contributions of informal sector is captured by openness indices (i.e. degree of openness to trade and principal component scores), technical efficiency (measured by Data Envelope Analysis and estimated by Tobit Censored Regression model) and components of productivity (computed by Malmquist total factor productivity index) of the informal enterprises by inter-sectoral linkages. The linkages are modeled theoretically in a neo-classical growth theory and empirically measured by sub-contracting arrangements between formal and informal enterprises. In addition, the book also provides implications on promotion of informal sector from the viewpoint of employment generation. The description and analyses of the book will help with policy implications and enlighten the readers on the development of informal sector.
Author | : Lance Taylor |
Publisher | : |
Total Pages | : 60 |
Release | : 2000 |
Genre | : Capital market |
ISBN | : |
Author | : Philip Arestis |
Publisher | : Springer |
Total Pages | : 384 |
Release | : 2016-11-26 |
Genre | : Business & Economics |
ISBN | : 3319412191 |
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 | : Mohamed Ariff |
Publisher | : Edward Elgar Publishing |
Total Pages | : 552 |
Release | : 2000-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781952733 |
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.