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Financial Liberalization in Developing Countries: Issues, Time Series Analyses and Policy Implications

Financial Liberalization in Developing Countries: Issues, Time Series Analyses and Policy Implications

          
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About the Book

The recent global ?nancial crisis has made ?nancial liberalization a topic of great academic and practical interest. This book makes new contributions to the topic by combining fact-?nding, empirical analysis, and theory to examine the relationship between ?nancial liberalization and economic growth. Among its contributions, the book provides detailed country assessments on the effects of ?nancial liberalization, including its striking impact on the banking sector. Although an important goal of ?nancial deregulation has been to help ?nancial institutions better perform their role in intermediating resources, the book models how deregulation may fail to achieve that goal in countries with underdeveloped ?nancial markets and institutions. For that purpose, the book draws on actual experience in Kenya, Malawi, Botswana, and Thailand. This book should constitute important reading for students of ?nancial economics, researchers and general academics, ?nancial practitioners, policymakers, and teachers of economics. North Carolina, USA Steven L. Schwarcz December 2008 Stanley A. Star Professor of Law & Business, Duke University Founding Director, Duke Global Capital Markets Center Durham vii Abstract and Preface The latest global ?nancial and economic crisis of 2008 shows the need to - examine the desirability of ?nancial liberalization and the basis for the view that ?nancial deregulation by itself cannot be considered as a substitute for better economic management. The literature on ?nancial liberalization has identi?ed various mechanisms through which removing controls on interest rates may impact economic growth.


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Product Details
  • ISBN-13: 9783790828078
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
  • Binding: Paperback
  • Height: 234 mm
  • No of Pages: 298
  • Series Title: Contributions to Economics
  • Sub Title: Issues, Time Series Analyses and Policy Implications
  • Width: 156 mm
  • ISBN-10: 3790828076
  • Publisher Date: 14 Mar 2012
  • Edition: 2009 ed.
  • Language: English
  • Returnable: N
  • Spine Width: 17 mm
  • Weight: 444 gr


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