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2 edition of Macroeconomic consequences of financial liberalisation found in the catalog.

Macroeconomic consequences of financial liberalisation

Adrian Blundell-Wignall

Macroeconomic consequences of financial liberalisation

a summary report

by Adrian Blundell-Wignall

  • 6 Want to read
  • 8 Currently reading

Published by O.E.C.D. in Paris .
Written in English


Edition Notes

At head of cover: OECD, Department of Economics and Statistics.

Statementby Adrian Blundell-Wignall and Frank Browne.
SeriesWorking papers / OECD Department of Economics and Statistics -- 98
ContributionsBrowne, Frank., Organisation for Economic Co-operation and Development. Department of Economics and Statistics.
ID Numbers
Open LibraryOL22702477M

Adrian Blundell-Wignall & Frank Browne, "Macroeconomic Consequences of Financial Liberalisation: A Summary Report," OECD Economics Department Working Pap OECD Publishing. Abdul Abiad & Enrica Detragiache & Thierry Tressel, "A New Database of Financial Reforms," IMF Staff Papers, Palgrave Macmillan, vol. 57(2), pages Cited by: 6. The aim of this research is to show the effects of financial liberalisation on emerging market economies, how these economies removed restrictions on financial institutions so that they can be globally integrated, and to show the flow of international finance in and out of a country.

Essays on Financial Liberalisation, Financial Crises and Economic Growth A thesis submitted to The University of Manchester for the degree of Doctor of Philosophy in the Faculty of Humanities Zeeshan Atiq School of Social Sciences Economics. The concept of financial liberalisation stems back from McKinnon ( 9) and Shaw ( 9), who attribute economic development in developing countries to financial liberalisation. McKinnon ( 9) argues that financial liberalisation is a necessary ingredient in .

The Economic and Social Effects of Financial Liberalization: A Primer for Developing Countries1 Jayati Ghosh For more than a decade now, fi nancial liberalization in developing countries has been. The impact of global economic and social liberalization cal revenues. At the same time, revenues were reduced by tax cuts intended to cre-ate incentives.


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Macroeconomic consequences of financial liberalisation by Adrian Blundell-Wignall Download PDF EPUB FB2

Get this from a library. Macroeconomic Consequences of Financial Liberalisation A Summary Report. [Adrian Blundell-Wignall; Frank Browne].

Get this from a library. Macroeconomic consequences of financial liberalisation: a summary report. [A Blundell-Wignall; Frank Browne; Organisation for Economic Co-operation and Macroeconomic consequences of financial liberalisation book.

Department of Economics and Statistics.]. Downloadable. This paper brings together a number of interrelated issues concerning the implications of financial liberalisation for macroeconomic outcomes.

Deregulation has tended to reduce the importance of liquidity constraints within and between countries, while at the same time giving markets a much greater role in utilising available information to achieve efficient outcomes.

[The Social Consequences of the Global Economic Crisis in South East Europe] [v] Ivana Prica is Associate Professor at the Faculty of Economics in Belgrade, where she teaches economic modelling and marketing research. She holds a PhD in Economics focusing on financial services liberalisation in Central and Eastern Size: 9MB.

The results of the IMF’s empirical work show that in addition to strong macroeconomic fundamentals, including sound fiscal policy and more flexible exchange rates, the liquidity of equity markets within a regulated financial system and financial openness positively influence the level of capital inflows and capital flows volatility.

financial liberalization n 2 discusses the outcomes of financial liberalization during the s, including the crises that occurred and their relation to macroeconomic policies,financial liber-alization, and the overhangs of old economic and political systems. Section 3 summarizes the lessonsFile Size: KB.

The term financial liberalisation is used to cover a whole set of measures, such as the autonomy of the Central Bank from the government; the complete freedom of finance to move into and out of the economy, which implies the full convertibility of the currency; the abandonment of all “priority sector” lending targets; an end to government-imposed differential interest rate schemes; a.

Demopoulos G.D. () Financial Liberalisation, the EMS and the Consequences for Greek Macroeconomic Policy. In: Skouras T.S. (eds) Issues in Contemporary Economics. International Economic Association : George D. Demopoulos. Think Tank Macroeconomic Policy Interdependence and the G 53 that led to the crisis and how macroeconomists are rewriting their playbook in the wake of the crisis.1 In terms of relevant.

Banking system characteristics. Because the purpose of this analysis is to analyze the connection between the performance of banks and the degree of financial liberalization of the banking system, the first set of banking system characteristics considered in the model includes the following variables: Banking reform and interest rate liberalization indicator (BREF), Financial Openness Cited by: Macroeconomic aspects of financial liberalization There are also a number of indirect channels through which capital flows liberalization could enhance growth.

It could help promote specialization by allowing for sharing of income risk, which could in turn increase productivity and growth as well.

The study recommends that in the countries where the financial system is weak, and where immediate, full-fledged financial sector liberalisation is not advisable, can open up certain types of Author: Aart Kraay. financial sector reforms. Nevertheless, the Asian experience offers some important lessons for Africa.

Comparison of the experiences of the two continents suggests that if financial reforms are to succeed, they must be imple-mented in an appropriate macroeconomic, financial, and institutional environment. Benefits of liberalizationCited by: The most important development in the global macroeconomic system over the past few decades has been the liberalisation of international capital markets that got underway in the s.

This sea of change from the Bretton Woods system has had enormous consequences for both developed and developing economies. This chapter begins by recalling the history of world capital markets — especially. Reading the Macroeconomic Tea LeavesThe annualised growth rate for China in the first half of was % compared with % inand inflation was % for the first half of compared with % in Since the growth and inflation rates in the first half of were still substantially below their respective averages of % and % during the periodit appears Cited by: 2.

Assess the Macroeconomic Consequences of Financial Liberalization Yuan K. Chou and Martin S. Chin Ma Abstract This paper uses the economic growth model with a financial sector developed in Chou and Chin () to examine the conditions under which financial liberalization is desirable from the perspective of a poli.

Okpara () posited that investigation on the effect of financial liberalisation on some macroeconomic variables in Nigeria revealed a positive impact on the real GDP because of the financial. Financial Liberalisation refers to deregulation of domestic financial market and liberalisation of the capital account that implies removing the ceiling on interest rates.

When it is in a liberalised system the competition between the different lending institutions for the deposits will increase interest rates on deposits which will increase. The primary goals of economic liberalization are the free flow of capital between nations and the efficient allocation of resources and competitive advantages.

This is usually done by reducing. The Nordic experience of financial liberalisation and financial crisis in the s adds to the understanding of the causes and consequences of financial crises. A rich set of lessons can be extracted from Scandinavia for countries facing financial liberalisation.

Assess the Macroeconomic Consequences of Financial Liberalization Yuan K. Chou and Martin S. Chin February 7, Abstract This paper uses the economic growth model with a financial sector developed in Chou and Chin () to examine the conditions under which financial liberalization is desirable from the perspective of a poli.Taken by itself, financial liberalization leads to an increase in average annual per capita GDP growth of anywhere from percent to as much as percent per year.

When we factor in a host of other variables that might also boost economic performance, improvements associated with financial.FINANCIAL LIBERALISATION AND GLOBALISATION - IMPACT AND EFFECTS IN SOUTH-EAST EUROPEAN COUNTRIES by Fikret Causevic, Faculty of Economics, Sarajevo University, Bosnia-Herzegovina and Faculty Development in South-East Europe Fellow, Centre for the Study of Global Governance, Michaelmas Term / 1.