Financial Liberalization and Financial Fragility is popular PDF and ePub book, written by Asli Demirgüç-Kunt in 1998-06-01, it is a fantastic choice for those who relish reading online the Bancos genre. Let's immerse ourselves in this engaging Bancos book by exploring the summary and details provided below. Remember, Financial Liberalization and Financial Fragility can be Read Online from any device for your convenience.
Financial Liberalization and Financial Fragility Book PDF Summary
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
Detail Book of Financial Liberalization and Financial Fragility PDF
- Author : Asli Demirgüç-Kunt
- Release : 01 June 1998
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Bancos
- Total Page : 53 pages
- Language : English
- PDF File Size : 8,5 Mb
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