[PDF] Top 20 Financial Liberalization Or Repression?

... Concluding Remarks Using annual time series data for the period 1950-2005, this paper attempts to assess the effects of several types of financial sector policies, including interest rat[r] ... See full document

... their financial systems with the aim of increasing the scope of the financial sector, and enhancing its role of mobilising and allocating financial resources to productive sectors of the economy ... See full document

... of financial liberalization was undertaken in 1991 as part of the broader economic reform in response to the balance of payments crisis of ...this liberalization, the Indian financial system ... See full document

... of financial openness in capital account leads to an efficient allocation of resources and hence alleviates the distributional/allocational ...of financial resources which improve and then provide economic ... See full document

... of liberalization. Although financial fragility is affected by a host of factors, financial liberalization can be seen to have a negative effect on banking sector ...for financial ... See full document

... why financial development is the need of every ...of financial sector also includes/entails formulation of booming financial policies and regulatory ...adequate financial sector policies could ... See full document

... Article I of GATT regarding the unconditional most-favoured-nation treatment is generally considered as the cornerstone of the GATT.^ Article I (1) provides that any trade concession made by any contracting party to any ... See full document

... The liberalization of emerging stock markets and its impacts on market volatility have attracted growing attention from academics and policymakers during the last few ...decades. Liberalization has positive ... See full document

... Financial Liberalization and the Agrarian Sector: India and Kenya Compared Bose, Sukanya IDEAs.[r] ... See full document

... the financial and the productive sides in these emerging countries, but also to the years of the major financial ...that financial liberalization of emerging markets has generally reduced the ... See full document

... tested unit roots in variables with structural breaks. For the panel data cointegrating equation, the work on structural break is rare although it has some limitations. The study concluded that money demand function has ... See full document

... For estimation purposes we first employ Phillips Perron (PP) unit root test to verify whether the variables have a unit root i.e. the data are stationary or non stationary. We employ the autoregressive distributed lag ... See full document

... On the other hand, Ataullah, Cockerill, and Le (2004) found that the overall (technical) efficiency of banking sectors in India 5 and Pakistan gradually improved over the period 1988-1998, especially at the ... See full document

... the financial development causes economic growth to distribute resources by changing the real sector from low growth to the modern ...of financial development which affects countries economic positions by ... See full document

... To achieve these objectives, the government imposed various quantitative and qualitative restrictions on trade to protect domestic industries. During the 1960s a more liberal policies being opted by the government where ... See full document

... of financial liberalization on the mobilization of the saving, they found that financial liberalization has a positive and significant direct impact on the ...By liberalization of the ... See full document

... noted, financial repression contributed to rapid debt reduction following World War ...setting, financial repression (with its dual aims of keeping interest rates low and creating or ... See full document

... that financial liberalization delivers: higher real interest rates (possibly reflecting the allocation of capital toward more productive, higher return projects); lower investment, but not lower growth ... See full document

... The data is annual and we focus on the following series: gross national saving, gross domestic saving, gross investment, current account balance, gross private capital flows, foreign dir[r] ... See full document

... how financial systems affect economic ...better financial systems improve the possibility of successful innovation, thereby accelerating economic growth and ...for financial services. Economic ... See full document