UID:
almahu_9949285280302882
Format:
XVIII, 298 p. 42 illus., 20 illus. in color.
,
online resource.
Edition:
1st ed. 2009.
ISBN:
9783790821680
Series Statement:
Contributions to Economics,
Content:
The latest global financial and economic crisis of 2008 has shown the need to re-examine the desirability of financial liberalization. This book is undertaking such a study on the issue of financial and market liberalization by adopting sophisticated econometric methods. It examines the effects of financial liberalization on economic development and social welfare using a case study approach on a sample of three Sub-Saharan African and an Asian country in which financial liberalization reforms were implemented. Further, it highlights some key causes of the failure of reform, and the policies and institutions that are needed to create an environment for successful financial liberalization. From the detailed country assessments, various policies such as effective competition in the banking sector, sound legal system, fiscal discipline and financial institutional development are identified, adoption of which can improve the efficiency of resource allocation, boost savings and impact growth, and thus lead to welfare enhancement.
Note:
Background, Structure and Financial Reforms -- Literature Review -- The Theory of Financial Liberalization and its Economic Impact: An Assessment -- An Analysis of the Economic Outcome of Financial Liberalization -- Testing the Potential Impact of Economic Changes on Savings in African Countries -- Welfare Implications of Financial Liberalization in Thailand: A Cost-Benefit Analysis -- Summary, Findings and Conclusion.
In:
Springer Nature eBook
Additional Edition:
Printed edition: ISBN 9783790821741
Additional Edition:
Printed edition: ISBN 9783790821673
Additional Edition:
Printed edition: ISBN 9783790828078
Language:
English
DOI:
10.1007/978-3-7908-2168-0
URL:
https://doi.org/10.1007/978-3-7908-2168-0
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