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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                                  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.
                                
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                                                          This volume provides a rounded view of financial liberalization after the collapses in East Asia.
                                                      
 
                                              Produktdetaljer
ISBN
                    
            9780521030991
      
                  Publisert
                     2006-11-23 
                  Utgiver
                    Cambridge University Press; Cambridge University Press
                  Vekt
                     501 gr
                  Høyde
                     229 mm
                  Bredde
                     152 mm
                  Dybde
                     19 mm
                  Aldersnivå
                     P, 06
                  Språk
                    
  Product language
              Engelsk
          Format
                    
  Product format
              Heftet
          Antall sider
                     320
                  