By Gerard Caprio, Patrick Honohan, Joseph E. Stiglitz
This quantity addresses essentially the most topical and arguable matters in banking and monetary coverage. It explains why governments have felt the necessity to liberalize banking and finance, for instance, by way of privatizing banks and permitting rates of interest to be set via the industry. It describes how the results haven't continuously been tender, and considers how monetary liberalizations will be approached higher sooner or later. as well as a transparent and concise presentation of present theories and worldwide event, there are six conscientiously selected nation case reports.
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Extra resources for Financial Liberalization : How Far, How Fast?
For others, turning the clock back is not a practical option. They will have to push forward on the lengthy agenda of institutional strengthening now widely accepted as being the prerequisite of a successful liberalized ﬁnancial sector. Meanwhile, they may be able to enhance the effectiveness of regulatory restraint by exploring some novel approaches to regulation. -R. J. Montiel. 1996. Development Macroeconomics. Princeton, NJ: Princeton University Press. Aleem, I. 1990. ” World Bank Economic Review 4(3):329–49.
I. A. Hanson. 1994. Financial Reform: Theory and Experience. New York, London: Cambridge University Press. Caprio, G. and P. Honohan. 1999. ” Journal of Economic Perspectives 13(4):43–64. Caprio, G. H. Summers. 1996. ” In D. ), Financing Prosperity into the 21st Century, pp. 400– 421. New York: Macmillan. Claessens, S. and M. Jansen, eds. 2000. The Internationalization of Financial Services – Issues and Lessons for Developing Countries. Dordrecht: Kluwer. Cuddington, J. 1986. ” Princeton Studies in International Finance No.
Caprio, G. H. Summers. 1996. ” In D. ), Financing Prosperity into the 21st Century, pp. 400– 421. New York: Macmillan. Claessens, S. and M. Jansen, eds. 2000. The Internationalization of Financial Services – Issues and Lessons for Developing Countries. Dordrecht: Kluwer. Cuddington, J. 1986. ” Princeton Studies in International Finance No. 58. Cull, R. 2001. ” Economic Development and Cultural Change 49. de Roover, R. 1963. The Rise and Decline of the Medici Bank. New York: Cambridge University Press.