Financial Market Liberalization
DOWNLOAD
Download Financial Market Liberalization PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Financial Market Liberalization book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
How Is Financial Market Liberalization Influencing Income Inequality
DOWNLOAD
Author : Daniel Jägers
language : en
Publisher: GRIN Verlag
Release Date : 2023-01-03
How Is Financial Market Liberalization Influencing Income Inequality written by Daniel Jägers and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-03 with Political Science categories.
Diploma Thesis from the year 2012 in the subject Politics - General and Theories of International Politics, grade: 1,0, , course: Maastricht Graduate School of Governance, language: English, abstract: Observing an increasing financial liberalization and income inequality during the last decades, this study investigates how the opening of financial markets is influencing income inequality. Operationalizing the research question, it focuses on capital account liberalization (CAL). The paper begins with an extensive literature review which recognizes the importance of a countries institutional quality and derives the following two hypotheses: CAL generally increases income inequality and CAL leads to an especially high increase in income inequality if the institutional quality is low. These hypotheses are empirically tested based on a panel data set covering 159 countries from 1996 – 2009. In the last decades the economies and financial systems of many countries liberalized and integrated with each other in order to benefit economically. However, at the same time income inequality and the gap between the extreme poor and the rich increased. The European Union is one of the regions with the most remarkable development regarding financial liberalization and integration. Some countries have been transformed within the last 25 years from centrally planned economies with controlled financial markets to market economies with open financial markets, integrated within the European Monetary Union. On the one hand this financial liberalization and integration is argued to be an important reason for economic growth. However, on the other hand it is strongly related to the Euro currency crises which is currently the main challenge facing the EU and is discussed daily on the news. The lower- and middle-classes in particular are protesting against immense financial supports for banks and investors on the one side and wage reductions, unemployment and social benefit cuts on the other. Can these inequalities be explained by the increasing liberalization of financial markets? Are they logical consequences of international financial liberalization and integration? This paper approaches these questions on a meta-level by answering the research question: How is Financial Market Liberalization Influencing Income Inequality? Before elaborating on this research question and explaining the investigated hypotheses it is explained what exactly is meant by financial market liberalization.
Financial Liberalization In Developing Countries
DOWNLOAD
Author : Abdullahi Dahir Ahmed
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-10-03
Financial Liberalization In Developing Countries written by Abdullahi Dahir Ahmed and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-03 with Business & Economics categories.
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.
The Order Of Economic Liberalization
DOWNLOAD
Author : Ronald I. Mckinnon
language : en
Publisher: JHU Press
Release Date : 1993-10
The Order Of Economic Liberalization written by Ronald I. Mckinnon and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-10 with Business & Economics categories.
Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.
Liberalization Growth And The Asian Financial Crisis
DOWNLOAD
Author : Mohamed Ariff
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000-01-01
Liberalization Growth And The Asian Financial Crisis written by Mohamed Ariff and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
The Domestic Financial Market And The Trade Liberalization Outcome
DOWNLOAD
Author : Prema-chandra Athukorala
language : en
Publisher: World Bank Publications
Release Date : 1991
The Domestic Financial Market And The Trade Liberalization Outcome written by Prema-chandra Athukorala and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Finance categories.
The main finding of the study is the domestic financial market plays a very significant role in the success or failure of trade liberalization. This was found to be the case in Sri Lanka during 1977-87.
Financial Market Liberalization In Chile 1973 1982
DOWNLOAD
Author : Alejandra Salces
language : en
Publisher: Routledge
Release Date : 2017-11-30
Financial Market Liberalization In Chile 1973 1982 written by Alejandra Salces and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-30 with Business & Economics categories.
Originally published in 1991, Financial Market Liberalization in Chile, 1973-1982, analyses the liberalization of the financial market which took place during the 1973-1982 monetarist experiment. The book addresses the effect this had on the Chilean economy and how this affected effects of the behaviour of the firms which went bankrupt during this period. The book also presents a description of the policies implemented in the Chilean economy during this period and examines the impact that this had on the performance of the financial sector.
The Process Of Financial Liberalization In India
DOWNLOAD
Author : Kunal Sen
language : en
Publisher:
Release Date : 1997
The Process Of Financial Liberalization In India written by Kunal Sen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book analyzes the process of financial liberalization in India in the post-1991 period. The authors detail the key changes in each segment and market, and hypothesize possible paths that different constituents of the financial sector may take in the future.
Capital Market Liberalization And Development
DOWNLOAD
Author : Joseph E. Stiglitz
language : en
Publisher: Oxford University Press, USA
Release Date : 2008-05
Capital Market Liberalization And Development written by Joseph E. Stiglitz and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-05 with Business & Economics categories.
Capital market liberalization has been a key part of the ongoing debate on globalization. Bringing together leading researchers and practitioners in the field, this book provides a unique analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management.
Financial Liberalization
DOWNLOAD
Author : P. Arestis
language : en
Publisher: Springer
Release Date : 2005-09-08
Financial Liberalization written by P. Arestis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-08 with Political Science categories.
The financial liberalization thesis emerged in the 1970s and has been of considerable importance ever since, not merely in terms of its theoretical influence but, perhaps more importantly, in terms of its impact on policy makers and policy debates. Although it has encountered increasing scepticism over the years, it nevertheless had a relatively early impact on development policy, which still continues unabated, through the work of the IMF and the World Bank. The latter two institutions, perhaps in their traditional role as promoters of what were claimed to be free market conditions, were keen to encourage financial liberalization policies as part of more general reforms or stabilization programmes. This book explores what we have learned from the vast experience of the theoretical and policy aspects of the financial liberalization.
Interest Rate Liberalization And Money Market Development
DOWNLOAD
Author : Mr.Bernard Laurens
language : en
Publisher: International Monetary Fund
Release Date : 1996-12-30
Interest Rate Liberalization And Money Market Development written by Mr.Bernard Laurens and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-12-30 with Business & Economics categories.
This book by Hassanali Mehran, Bernard Laurens, and Marc Quintyn brings together the papers presented at a seminar held in Beijing, China, in August 1995 and sponsored jointly by the IMF's Monetary and Exchange Affairs Department and the Poeple's Bank of China. The papers were written by central bankers from China, Italy, Korea, Malaysia, Thailand, and Turkey. The Chinese authorities were specifically interested in learning more about the Italian and Turkish models of interbank markets and in the experiences of neighboring Asian countries with interest rate liberalization. The U.S. experience was also presented, and the introduction to the book draws policy lessons from the experiences presented at the seminar.