Experiences with Financial Liberalization [Paperback]

Experiences with Financial Liberalization provides a broad spectrum of policy experiences relating to financial liberalization around the globe since the 1960s. There is a sizable body of theoretical and aggregative empirical literature in this area, but there is little work documenting and analyzing the experiences of individual countries and/or sets of countries. This book is divided into four parts by geographical region - Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Aggregative econometric studies cannot substitute for country-wide studies in allowing the researcher to draw lessons for the future, and this volume adds to this relatively small body of literature.Experiences with Financial Liberalization provides a broad spectrum of policy experiences relating to financial liberalization around the globe since the 1960s. There is a sizable body of theoretical and aggregative empirical literature in this area, but there is little work documenting and analyzing the experiences of individual countries and/or sets of countries. This book is divided into four parts by geographical region - Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Aggregative econometric studies cannot substitute for country-wide studies in allowing the researcher to draw lessons for the future, and this volume adds to this relatively small body of literature.Introduction. I: The African Experience. 1. From Financial Repression to Liberalisation: The Senegalese Experience; J.-C. Berth?lemy. 2. Financial Repression and Seigniorage in Ghana; E. Asem, K.L. Gupta. II: The Asian and Latin American Experience. 3. Financial Deregulation in Australia: A Success Story? P.J. Drake. 4. Interest Rate Liberalization and Monetary Control in China; M.J. Fry. 5. Financial Reform, Institutions and Macroeconomic Adjustment: The Destabilizing Effects of Financial Liberalization lSÇ