Author : Romain Ranciere
Publisher :
Page : 38 pages
File Size : 24,33 MB
Release : 2006
Category : Free trade
ISBN :
We present a new empirical decomposition of the effects of financial liberalization on economic growth and on the incidence of crises. Our empirical estimates show that the direct effect of financial liberalization on growth by far outweighs the indirect effect via a higher propensity to crisis. We also discuss several models of financial liberalization and growth whose predictions are consistent with our empirical findings.
Author : John Williamson
Publisher : Princeton University International Finance Section, Department of Econmics
Page : 86 pages
File Size : 30,22 MB
Release : 1998
Category : Business & Economics
ISBN :
Author : Reuven Glick
Publisher : Cambridge University Press
Page : 494 pages
File Size : 13,91 MB
Release : 2001-04-23
Category : Business & Economics
ISBN : 9780521800204
The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.
Author : Rita Biswas
Publisher : Emerald Group Publishing
Page : 163 pages
File Size : 33,13 MB
Release : 2023-08-23
Category : Business & Economics
ISBN : 1801178402
Volume 37 of Research in Finance, Contemporary Issues in Financial Economics, presents an extensive collection of chapters that combine real world studies and theories of finance to investigate a variety of topics.
Author : Muhammad Shahbaz
Publisher : Springer Nature
Page : 245 pages
File Size : 43,90 MB
Release : 2021-09-21
Category : Business & Economics
ISBN : 3030790037
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
Author : Iwan J. Azis
Publisher : Edward Elgar Publishing
Page : 750 pages
File Size : 14,84 MB
Release : 2014-12-31
Category : Business & Economics
ISBN : 1783477946
The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance, and the resultant higher frequency of financial crises, all eyes have shifted toward the current inad
Author : Guogang Wang
Publisher : Springer Nature
Page : 225 pages
File Size : 42,11 MB
Release :
Category :
ISBN : 9819736447
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
Page : 31 pages
File Size : 15,80 MB
Release : 2017-11-16
Category : Business & Economics
ISBN : 1484325753
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for shifts in trend output and the puzzling inconsistency of output dynamics with other cyclical components of production. The ‘output gap’ can be ill-conceived, poorly measured, and inconsistent over time. Persistent losses require more buffers and crisis-avoidance policies, affecting tradeoffs in prudential, macroeconomic, and reserve management policies. The frequency and depth of crises are key determinants of long-term growth and drive a new stylized model of economic development.
Author : Fikret Čaušević
Publisher : Springer
Page : 184 pages
File Size : 28,78 MB
Release : 2017-03-21
Category : Business & Economics
ISBN : 3319514032
This book focuses on the impact of financial liberalisation and globalisation on economic growth and inequality worldwide over the past quarter century. It places a particular emphasis on the first fourteen years of this century. It begins by exploring certain assumptions developed as a result of early works in the field, providing a critical review of some of the most important academic works published over the past twenty years. It then goes on to present a comparative measurement of the economic performance of key countries for which data is available in the World Bank database, including G-10 countries, EU countries, and fastest growing countries like China, India, and small-open oil-producing economies.
Author : Leo F. Goodstadt
Publisher : Hong Kong University Press
Page : 219 pages
File Size : 20,20 MB
Release : 2011-04-01
Category : Business & Economics
ISBN : 9888083252
The 2007-2009 global financial crisis was predictable and avoidable, but American and British regulators chose not to intervene. They failed to implement their own policies because of an Anglo-American "regulatory culture" of non-intervention that dominated financial regulation worldwide. Hong Kong--the international financial center of an increasingly prosperous China--defied world opinion and made stability its priority. This policy ensured Hong Kong's robust performance during the last 15 years, and it made possible Hong Kong's impressive contributions to financing China's economic take-off and to the modernization of its financial institutions.Reluctant Regulatorsis a scathing indictment of regulatory inertia in the West. It provides original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization. Leo F. Goodstadtwas chief policy adviser to the Hong Kong Government as head of its Central Policy Unit (1989-1997) and has had an extensive consultancy practice in Asian banking. He has written widely on the global financial crisis and on China's economic development.
