Variable Liberalization

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...

A Further and E ective Liberalization of the - Rule in Free Variable Semantic

In this paper, we present a further liberalization of the-rule in free variable semantic tableaux. It is eeective in that (1) it is both a natural and intuitive liberalization, and (2) can reduce the proof size non elementarily as compared to previous versions of the-rule.

Banks, Financial Liberalization

BANKS, FINANCIAL LIBERALIZATION AND THE ‘INTEREST RATE PREMIUM PUZZLE’ IN EAST ASIA

Optimal Financial Markets Liberalization

This paper examines the optimal financial markets liberalization policy for a large country in a two-country general equilibrium production economy. In our model, household’s portfolio choice is modeled separately from firm’s investment decision and financial markets play an important role in the allocation of capital between production technologies. We find that the type of production technolo...

Preferential Trade Liberalization: