Liberalization Financial Instability And Economic Development
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| Author | : Yılmaz Akyüz |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2014 |
| Genre | : Economic development |
| ISBN | : 9781783082629 |
Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. 'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
| 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.
| Author | : Yılmaz Akyüz |
| Publisher | : Anthem Press |
| Total Pages | : 338 |
| Release | : 2014-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1783082291 |
Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
| Author | : Nina Eichacker |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 212 |
| Release | : 2017-10-27 |
| Genre | : Europe |
| ISBN | : 178643203X |
This book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis.
| Author | : Joseph Stiglitz |
| Publisher | : OUP Oxford |
| Total Pages | : 364 |
| Release | : 2006-08-31 |
| Genre | : Business & Economics |
| ISBN | : 019153711X |
There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus" neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries. One-size-fits-all policy prescriptions are likely to fail given the vast differences between countries. This book discusses how alternative approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis.
| Author | : Ronald I. Mckinnon |
| Publisher | : |
| Total Pages | : 264 |
| Release | : 1993-10 |
| Genre | : Business & Economics |
| ISBN | : |
Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.
| Author | : Tim Niepel |
| Publisher | : GRIN Verlag |
| Total Pages | : 43 |
| Release | : 2015-06-03 |
| Genre | : Business & Economics |
| ISBN | : 3656972532 |
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 | : John Williamson |
| Publisher | : Princeton University International Finance Section, Department of Econmics |
| Total Pages | : 84 |
| Release | : 1998 |
| Genre | : Business & Economics |
| 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 | : Patrick J. Conway |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 392 |
| Release | : 2000-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9780792372288 |
These various perspectives are combined to illuminate the fundamental policy difficulties in achieving desirable macroeconomic outcomes in economies saddled with the economic and political legacies of the Soviet Union."--BOOK JACKET.
