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| Author | : Asli Demirgüç-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 53 |
| Release | : 1998-06-01 |
| Genre | : Bancos |
| ISBN | : |
Download Financial Liberalization and Financial Fragility Book in PDF, ePub and Kindle
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
| Author | : Asli Demirgüç-Kunt |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Download Financial Liberalization and Financial Fragility Book in PDF, ePub and Kindle
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. The data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper`s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
| Author | : Norman Loayza |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 2005-08 |
| Genre | : Business & Economics |
| ISBN | : |
Download Financial Development, Financial Fragility, and Growth Book in PDF, ePub and Kindle
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit and liquid liabilities. On the other hand, the banking and currency crisis literature finds that monetary aggregates, such as domestic credit, are among the best predictors of crises and their related economic downturns. This paper accounts for these contrasting effects based on the distinction between the short- and long-run effects of financial intermediation.
| Author | : Mr.Marco Rossi |
| Publisher | : International Monetary Fund |
| Total Pages | : 33 |
| Release | : 1999-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1451848773 |
Download Financial Fragility and Economic Performance in Developing Economies Book in PDF, ePub and Kindle
Little empirical investigation exists of the links among capital account liberalization, prudential regulation and supervision, financial crises, and economic development, mainly because of the lack of comparable measures to describe regulatory practices for different countries. This paper examines empirically, albeit in a preliminary manner, these links using new measures of capital controls, prudential regulation, supervision, and depositors’ safety for a sample of 15 developing economies over the period 1990–97. Results confirm the importance of the degree of capital account convertibility and the regulatory and supervisory framework in affecting financial fragility and economic performance.
| Author | : Philip Arestis |
| Publisher | : Springer |
| Total Pages | : 384 |
| Release | : 2016-11-26 |
| Genre | : Business & Economics |
| ISBN | : 3319412191 |
Download Financial Liberalisation Book in PDF, ePub and Kindle
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 | : Yılmaz Akyüz |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2014 |
| Genre | : Economic development |
| ISBN | : 9781783082629 |
Download Liberalization, Financial Instability and Economic Development Book in PDF, ePub and Kindle
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 | : Tim Niepel |
| Publisher | : GRIN Verlag |
| Total Pages | : 43 |
| Release | : 2015-06-03 |
| Genre | : Business & Economics |
| ISBN | : 3656972532 |
Download Financial Liberalization, Credit Market Imperfections and Financial System Stability Book in PDF, ePub and Kindle
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 | : Hans Visser |
| Publisher | : |
| Total Pages | : 27 |
| Release | : 1994 |
| Genre | : |
| ISBN | : |
Download Financial Liberalization and Financial Fragility Book in PDF, ePub and Kindle
| Author | : Yılmaz Akyüz |
| Publisher | : Anthem Press |
| Total Pages | : 338 |
| Release | : 2014-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1783082402 |
Download Liberalization, Financial Instability and Economic Development Book in PDF, ePub and Kindle
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 | : Romain Ranciere |
| Publisher | : |
| Total Pages | : 38 |
| Release | : 2006 |
| Genre | : Free trade |
| ISBN | : |
Download Decomposing the Effects of Financial Liberalization Book in PDF, ePub and Kindle
We present a new empirical decomposition of the effects of financial liberalization on economic growth and on the incidence of crises. Our empirical estimates show that the direct effect of financial liberalization on growth by far outweighs the indirect effect via a higher propensity to crisis. We also discuss several models of financial liberalization and growth whose predictions are consistent with our empirical findings.
