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Welfare Gains from Financial Liberalization. [PDF]
Int Econ Rev (Philadelphia), 2010 Financial liberalization has been a controversial issue, as empirical evidence for growth enhancing effects is mixed. Here, we find sizable welfare gains from liberalization (cost to repression), although the gain in economic growth is ambiguous. We take the view that financial liberalization is a government policy that alters the path of financial ...
Townsend RM, Ueda K.
europepmc +7 more sources
Does Financial Liberalization Spur Growth? [PDF]
Journal of Financial Economics, 2001 Abstract We show that equity market liberalizations, on average, lead to a 1% increase in annual real economic growth. The effect is robust to alternative definitions of liberalization and does not reflect variation in the world business cycle.
Geert Bekaert +2 more
openaire +5 more sources
Policies for managing sudden stops [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2020 Managing capital flows needs an appropriate association of foreign exchange reserves, foreign borrowing, and capital control. These policies are considered as a tool to predict sudden stops (SS). Consequently, this analysis identifies
Chokri Zehri
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Capital controls to manage foreign exchange reserves and foreign debts [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2020 The study explores the relationship between foreign exchange reserves (FER) and foreign borrowing (FB) within the framework of the management of capital flows. To investigate this relationship and examine the effect of capital control on foreign exchange
Chokri Zehri
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Financial Liberalization and Financial Fragility [PDF]
IMF Working Papers, 1999 The authors study the empirical relationship between banking crises and financial liberalization using a panel of data for 53 countries for 1980-95. They find that banking crises are more likely to occur in liberalized financial systems. But financial liberalization's impact on a fragile banking sector is weaker where the institutional environment is ...
Asli Demirgüç-Kunt, Enrica Detragiache
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A comparative analysis of the financial liberalization in Turkey and Brazil [PDF]
Panoeconomicus, 2020 The objective of this study is to explain the financial liberalization processes in Turkey and Brazil, to analyze the external financial liberalization processes and the financial integration indices and to compare the developments in the financial ...
Tugrul Gover Z.
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TRADE, FINANCIAL LIBERALISATION AND CURRENT ACCOUNT BALANCE IN NIGERIA [PDF]
Oradea Journal of Business and Economics, 2022 This paper examines the individual and interactive impacts of trade and financial liberalization on Nigeria’s current account balance between 1986 and 2019.
Bosede Victoria Kudaisi
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Revisiting the role of governance and institutions in the impact of financial liberalization on economic growth using the PSTR model [PDF]
Panoeconomicus, 2017 This paper provides a comprehensive review of the literature on the dual effect of financial liberalization over more than three decades, starting from the independent contributions of Ronald I. McKinnon and Edwards S. Shaw on this topic. In this regard,
Saidi Hichem +2 more
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To liberate or to regulate: balanced approach to bank-oriented financial system transformation in developing countries [PDF]
Banks and Bank Systems, 2017 A stable, transparent financial system inspires confidence among investors and supports the overall economic growth. Inflexible regulation tends to slow down economic progress, making countries less attractive to investors.
Emira Kozarević +2 more
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Analysis of financial liberalization in Indonesia: SVAR approach
Russian Journal of Economics and Law, 2021 Objective: to analyze the impact of the financial liberalization policy on the macroeconomic stability of the Indonesian economy.Methods: retrospective and econometric analysis.Results: the article updates the issues of financial liberalization policy in
I. D. Rakov
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