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  3. Financial Liberalization
  • Cited by 37
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    • Publisher:
      Cambridge University Press
      Publication date:
      12 January 2010
      08 October 2001
      ISBN:
      9780511625886
      9780521803694
      9780521030991
      DOI:
      https://doi.org/10.1017/CBO9780511625886
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.64kg, 320 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.501kg, 320 Pages
      • Subjects:
      Economics, Economic Theory, Finance and Accountancy
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    • Selected: Digital
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    Subjects:
    Economics, Economic Theory, Finance and Accountancy
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    Book description

    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.

    Awards

    Professor Joseph E. Stiglitz is the winner of the 2001 Nobel Prize for Economics

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