The Economic and Social Effects of the Financial Liberalization: A Primer for Developing Countries
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This paper considers the main elements of the standard pattern of fi nancial liberalization that
has become widely prevalent in developing countries. The theoretical arguments in favour of
such liberalization are considered and critiqued, and the political economy of such measures
is discussed. The problems for developing countries, with respect to fi nancial fragility and the
greater propensity to crisis, as well as the negative defl ationary and developmental effects, are
discussed. It is concluded that there is a strong case for developing countries to ensure that their
own fi nancial systems are adequately regulated with...
Nội dung trích xuất từ tài liệu:
The Economic and Social Effects of the Financial Liberalization: A Primer for Developing Countries
Nội dung trích xuất từ tài liệu:
The Economic and Social Effects of the Financial Liberalization: A Primer for Developing Countries
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