Financial Liberalization And Economic Performance

Author : Yung Chul Park
Publisher : Harvard University Press
ISBN 13 : 9780674251281
Total Pages : 375 pages
Book Rating : 4.88/5 ( download)

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Download or read book Financial Liberalization and Economic Development in Korea, 1980-2020 written by Yung Chul Park and published by Harvard University Press. This book was released on 2021-03-30 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : P. Arestis
Publisher : Springer
ISBN 13 : 0230227740
Total Pages : 231 pages
Book Rating : 4.43/5 ( download)

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Download or read book Financial Liberalization and Economic Performance in Emerging Countries written by P. Arestis and published by Springer. This book was released on 2008-07-24 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Luiz Fernando de Paula
Publisher : Taylor & Francis
ISBN 13 : 1136854908
Total Pages : 273 pages
Book Rating : 4.03/5 ( download)

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Download or read book Financial Liberalization and Economic Performance written by Luiz Fernando de Paula and published by Taylor & Francis. This book was released on 2012-07-26 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
ISBN 13 : 1589068181
Total Pages : 62 pages
Book Rating : 4.86/5 ( download)

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Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Luiz Fernando de Paula
Publisher : Routledge
ISBN 13 : 1136854894
Total Pages : 274 pages
Book Rating : 4.97/5 ( download)

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Download or read book Financial Liberalization and Economic Performance written by Luiz Fernando de Paula and published by Routledge. This book was released on 2012-07-26 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Yılmaz Akyüz
Publisher : Anthem Press
ISBN 13 : 1783082402
Total Pages : 338 pages
Book Rating : 4.07/5 ( download)

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Download or read book Liberalization, Financial Instability and Economic Development written by Yılmaz Akyüz and published by Anthem Press. This book was released on 2014-05-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Ronald I. McKinnon
Publisher : ICS Press
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.67/5 ( download)

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Download or read book Financial Liberalization and Economic Development written by Ronald I. McKinnon and published by ICS Press. This book was released on 1988 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Thierry Tressel
Publisher : International Monetary Fund
ISBN 13 : 1451874294
Total Pages : 54 pages
Book Rating : 4.97/5 ( download)

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Download or read book Growth and Structural Reforms written by Mr.Thierry Tressel and published by International Monetary Fund. This book was released on 2009-12-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.

Author : Lance Taylor
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.09/5 ( download)

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Download or read book External Liberalization, Economic Performance, and Distribution in Latin America and Elsewhere written by Lance Taylor and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Philip Arestis
Publisher : Springer
ISBN 13 : 3319412191
Total Pages : 384 pages
Book Rating : 4.91/5 ( download)

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Download or read book Financial Liberalisation written by Philip Arestis and published by Springer. This book was released on 2016-11-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.