Financial liberalization in various forms affects economic growth and activity. While cross country and time series … observations underline the benefits of financial liberalization on growth, recent regional studies try to deepen the observation by … entrepreneurial behavior, a new debate widens to describe a special role for financial liberalization as to explain motivations of …

This paper argues that there is a fundamental conflict between financial liberalization and private sector led … financial liberalization banks may (i) fail to finance new entrepreneurs because of poaching externality, and (ii …

sufficiently explain how the financial development occurs. Financial liberalization hypothesis has been a starting point to explain …

Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There … financial liberalization is in fact too limited to improve risk sharing. If default risk of debt contracts were eliminated … is little evidence, however, that countries have increased risk sharing despite recent widespread financial …

This study brings out policy lessons for China today, a financially repressed country, from the financial … liberalization process in Denmakr, Finland, Norway and Sweden in the 1980s and early 1990s. This report identifies a set of policy …

, government ownership of banks, combined with high fiscal deficit, may limit the gains from financial liberalization.  …

financial liberalization’s impact on housing inflation via their restraining effect on incomes. Employing both a panel …