Sources and legitimacy of financial liberalization
نویسندگان
چکیده
منابع مشابه
Financial Liberalization
Financial liberalization has led to financial deepening and higher growth in several countries. However, it has also led to a greater incidence of financial crises. Here, we review the empirical evidence on these dual effects of financial liberalization across different groups of countries. We then present a conceptual framework that explains why there is a trade-off between growth and incidenc...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 2012
ISSN: 0176-2680
DOI: 10.1016/j.ejpoleco.2011.10.003