Gerdesmeier, Dieter; Reimers, Hans-Eggert; Roffia, Barbara - European Central Bank - 2009
consistent with the authors’ view that the
relaxation of credit constraints (in the wake of financial liberalization) had played … analyse the effects of trade and financial liberalization – which
may ultimately lead to lending booms and occasional crises …
indicates that a country that experiences a boom-bust cycle (that typically follows financial liberalization)
exhibits rapid …