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Financial Liberalization

Financial Liberalization
How Far, How Fast?

$119.99 (Z)

Gerald Caprio, James A. Hanson, Patrick Honohan, Joeseph E. Stiglitz, Asli Demirgüç-Kunt, Enrica Detragiache, Charles Wyplosz, Yoon Je Cho, Fernando Montes-Negret, Luis Landa, Fabrizio Coricelli, Irfan Aleem, Louis Kasekande
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  • Date Published: October 2001
  • availability: Available
  • format: Hardback
  • isbn: 9780521803694

$119.99 (Z)

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About the Authors
  • 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. It describes how the consequences have not always been smooth, and considers how financial liberalizations could be approached better in the future. In addition to a clear and concise presentation of current theories and global experience, there are six carefully chosen country case studies.

    • Highly controversial assessment of how far and how fast to pursue financial liberalization after the E. Asian crisis
    • Coeditor Joseph Stiglitz is one of the world's leading economists, former head of Clinton economics team and senior VP of the World Bank
    • Appraises features of 'gradualism' and 'shock therapy' in getting financial systems stable and supportive of growth
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    • Professor Joseph E. Stiglitz is the winner of the 2001 Nobel Prize for Economics

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    Product details

    • Date Published: October 2001
    • format: Hardback
    • isbn: 9780521803694
    • length: 320 pages
    • dimensions: 229 x 152 x 22 mm
    • weight: 0.64kg
    • contains: 48 b/w illus. 63 tables
    • availability: Available
  • Table of Contents

    List of contributors
    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

  • Editors

    Gerard Caprio, The World Bank

    Patrick Honohan, The World Bank

    Joseph E. Stiglitz, Columbia University, New York


    Gerald Caprio, James A. Hanson, Patrick Honohan, Joeseph E. Stiglitz, Asli Demirgüç-Kunt, Enrica Detragiache, Charles Wyplosz, Yoon Je Cho, Fernando Montes-Negret, Luis Landa, Fabrizio Coricelli, Irfan Aleem, Louis Kasekande

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