Search Results - subject:"FINANCIAL LIBERALIZATION"

Trilemma policy convergence patterns and output volatility

Aizenman, Joshua; Ito, Hiro - 2012

We examine the open macroeconomic policy choices of developing economies from the perspective of the economic 'trilemma' hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its patterns in recent decades. We find that the three dimensions of the...

Persistent link: https://www.econbiz.de/10010288150

Monetization in Low- and Middle-Income Countries

Kinoshita, Noriaki; McLoughlin, Cameron - International Monetary Fund (IMF) - 2012

The degree of an economyâ€™s monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal...

Persistent link: https://www.econbiz.de/10011142100

On the Empirics of China's Inter-regional Risk Sharing

Li, Jia - Volkswirtschaftliche Fakultät, … - 2012

provinces is relatively limited, and the financial liberalization since the late 1990s has not helped improve the degree of risk …

Persistent link: https://www.econbiz.de/10011109863

Financial Liberalization and the Structural Roots of the Global Crises: Lessons for Developing Countries

TUNCEL, Cem Okan - Volkswirtschaftliche Fakultät, … - 2012

The main aim of this study is to analyze the connection between financial liberalization and financial crises in … economies. In this period, many developed and developing countries have liberalized their financial markets. The financial … liberalization opens up new opportunity for financial sectors often resulting in excessive risk taking because of lack of adequate …

Persistent link: https://www.econbiz.de/10011260396

ОСОБЕННОСТИ РАЗВИТИЯ БАНКОВСКОГО СЕКТОРА СТРАН ЦЕНТРАЛЬНОЙ И ВОСТОЧНОЙ ЕВРОПЫ В ПЕРЕХОДНЫЙ ПЕРИОД

ВЛАДИМИРОВИЧ, КАСЬЯН ЕВГЕНИЙ - In: Бизнес Информ (2012) 3, pp. 221-226

В статье исследованы особенности развития банковской системы стран Центральной и Восточной Европы в переходный период. Проанализированы структурные,...

Persistent link: https://www.econbiz.de/10011217250

Banks, free banks, and U.S. economic growth

Jaremski, Matthew; Rousseau, Peter - Vanderbilt University Department of Economics - 2012

The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into developing regions, we find in county-level data that...

Persistent link: https://www.econbiz.de/10011207456

Building Blocks for Effective Macroprudential Policies in Latin America; Institutional Considerations

Imam, Patrick A.; Nier, Erlend; Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2012

An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...

Persistent link: https://www.econbiz.de/10011242254

Monitoring Systemic Risk Based on Dynamic Thresholds

Lund-Jensen, Kasper - International Monetary Fund (IMF) - 2012

Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional probability of a systemic banking crisis and this conditional probability is modeled in a fixed effect...

Persistent link: https://www.econbiz.de/10011242269

RMB Internationalization; O+L5022nshore/Offshore Links

Maziad, Samar; Kang, Joong Shik - International Monetary Fund (IMF) - 2012

Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to Chinaâ€˜s large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates - both current and expected. Yet, foreign access to...

Persistent link: https://www.econbiz.de/10011242289

Financial Repression and China’s Economic Imbalances

Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2012

Increasing domestic and external imbalances pose a serious challenge to economic development in China. While several forms of economic imbalances have been identified and discussed, many of these imbalances represent symptoms rather than the main issues that Chinese policymakers have to deal...

Persistent link: https://www.econbiz.de/10010818701