Financial Liberalization: How Far, How Fast? - Softcover

Caprio, Gerard

 
9780521030991: Financial Liberalization: How Far, How Fast?
Softcover
ISBN 10: 0521030994 ISBN 13: 9780521030991
Publisher: Cambridge University Press, 2008

Synopsis

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.

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Book Description

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.

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Publisher
Cambridge University Press
Publication date
2008
Language
English
ISBN 10 
0521030994
ISBN 13 
9780521030991
Binding
Paperback
Number of pages
320