Financial Liberalization

Financial Liberalization

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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.Gerard Caprio is Director of the Financial Policy and Strategy Department in the World Banka#39;s Financial Sector Operations Vice Presidency and Manager of Financial Sector Research in the World Banka#39;s Development Research Group.


Title:Financial Liberalization
Author: Gerard Caprio, Patrick Honohan, Joseph E. Stiglitz
Publisher:Cambridge University Press - 2006-11-23
ISBN-13:

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