Financial Liberalization: How Far, How Fast?

by Gerard Caprio, Patrick Honohan, Joseph E. Stiglitz

Overview

This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need to liberalize banking and finance, for example, by privatizing banks and allowing interest rates to be set by the market. It describes how the consequences have not always been smooth, and considers how financial liberalizations could be approached better in the future. In addition to a clear and concise presentation of current theories and global experience, there are six carefully chosen country case studies.

Product Details

ISBN-13:	9780521030991
Publisher:	Cambridge University Press
Publication date:	11/23/2006
Edition description:	New Edition
Pages:	320
Product dimensions:	5.98(w) x 9.02(h) x 0.75(d)

Table of Contents

List of contributors; Preface; Part I. Analytics: 1. Introduction and overview: the case for liberalization and some drawbacks Gerald Caprio, James A. Hanson and Patrick Honohan; 2. Robust financial restraint Patrick Honohan and Joeseph E. Stiglitz; Part II. Cross-Country Evidence: 3. How interest rates changed under liberalization: a statistical review Patrick Honohan; 4. Financial liberalization and financial fragility Asli Demirgüç-Kunt and Enrica Detragiache; Part III. Liberalization Experience from Contrasting Starting Points: 5. Financial restraints and liberalization in postwar Europe Charles Wyplosz; 6. The role of poorly phased liberalization in Korea's financial crisis Yoon Je Cho; 7. Interest rate spreads in Mexico during liberalization Fernando Montes-Negret and Luis Landa; 8. The financial sector in transition: tales of success and failure Fabrizio Coricelli; 9. Indonesia and India: contrasting approaches to repression and liberalization James A. Hanson; 10. Reforming finance in a low income country: Uganda Irfan Aleem and Louis Kasekande; Index.