Financial Liberalization in a Small Open Economy

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Financial Liberalization and Inflationary Dynamics: An Open Economy Analysis

The paper analyzes the effects of financial liberalization on inflation. We develop a monetary and endogenous growth, dynamic general equilibrium model of a small open semi-industrialized economy, with financial intermediaries subjected to obligatory ”high” reserve ratio, serving as the source of financial repression. When calibrated to four Southern European semi-industrialized countries, name...

متن کامل

Capital Accumulation and Convergence in a Small Open Economy

 Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences and return to capital, irrespective of initial levels the growth rates of consumption are the same....

متن کامل

Economic liberalization, capital mobility and informal wage in a small open economy : A theoretical analysis

Empirical evidence suggests that the size of the informal sector in the developing countries has increased considerably during the liberalized economic regime. The present paper purports to analyze the consequences of economic reforms on the wellbeing of the informal sector workforce using a three-sector general equilibrium model with two informal sectors. The theoretical analysis finds that di...

متن کامل

Trade Liberalization and Endogenous Growth in a Small Open Economy: A Quantitative Assessment

This paper develops a numerical endogenous growth model approximating an infinite horizon which allows us to investigate the relationship between trade liberalization and economic growth. Although economic theory generally implies that trade liberalization will enhance economic growth, and these phenomena are positively correlated in empirical tests, the connection is not well substantiated in ...

متن کامل

capital accumulation and convergence in a small open economy

â â â â â â  â  abstract â  outward-oriented economies seem to grow faster than inward-looking ones. does the literature on convergence have anything to say on this? in the dynamic heckscher-ohlin-samuelson model, with factor-price equalization, there is no convergence of incomes. this is because with identical preferences and return to capital, irrespective of initial levels the growth rates o...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Open Economies Review

سال: 2006

ISSN: 0923-7992,1573-708X

DOI: 10.1007/s11079-006-0355-9