Financial Liberalization: How Far, How Fast? - Brossura

Caprio, Gerard

Brossura

ISBN 10: 0521030994 ISBN 13: 9780521030991

Casa editrice: Cambridge University Press, 2008

Riassunto

The goal of this volume is to bring a more broad-based empirical experience than has been customary to the theoretical debate on how financial systems should be managed. This is achieved not only with cross-country economic studies, but also with an account of carefully chosen and widely contrasting country cases, drawn from Europe, Latin America, Africa, East and South Asia and the former Soviet Union. The widespread financial crises of recent years have all too dramatically illustrated the shortcomings of financial policy under liberalization. The complexity of the issues mocks any idea that a standard liberalization template will be universally effective. The evidence here described confirms that policy recommendations need to take careful account of country conditions. The volume is the outcome of a research project sponsored by the World Bank's Development Economics Research Group.

Su questo libro

Descrizione del libro:

This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need to liberalize banking and finance, for example, by privatizing banks and allowing interest rates to be set by the market.

Contenuti:

List of contributors; Preface; Part I. Analytics: 1. Introduction and overview: the case for liberalization and some drawbacks Gerald Caprio, James A. Hanson and Patrick Honohan; 2. Robust financial restraint Patrick Honohan and Joeseph E. Stiglitz; Part II. Cross-Country Evidence: 3. How interest rates changed under liberalization: a statistical review Patrick Honohan; 4. Financial liberalization and financial fragility Asli Demirgüç-Kunt and Enrica Detragiache; Part III. Liberalization Experience from Contrasting Starting Points: 5. Financial restraints and liberalization in postwar Europe Charles Wyplosz; 6. The role of poorly phased liberalization in Korea's financial crisis Yoon Je Cho; 7. Interest rate spreads in Mexico during liberalization Fernando Montes-Negret and Luis Landa; 8. The financial sector in transition: tales of success and failure Fabrizio Coricelli; 9. Indonesia and India: contrasting approaches to repression and liberalization James A. Hanson; 10. Reforming finance in a low income country: Uganda Irfan Aleem and Louis Kasekande; Index.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 2008
• ISBN 10: 0521030994
• ISBN 13: 9780521030991
• Rilegatura: Copertina flessibile
• Numero di pagine: 320