Search Results - subject:"FINANCIAL LIBERALIZATION"

The Late 1990's Financial Crisis in Ecuador; Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work

Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2004

This paper stresses three factors that amplified the 1990s financial crisis in Ecuador, namely institutional weaknesses, rigidities in public finances, and high financial dollarization. Institutional factors restricted the government's ability to respond in a timely manner and efficiently enough...

Persistent link: https://www.econbiz.de/10005769178

Japan’s Economic and Financial Stagnation and the Possibility of a Second Lost Decade

Cargill, Thomas - The European Institute of Japanese Studies, … - 2004

restraints embedded in the Japanese financial system account for the slow and incomplete reform process. These include: financial … liberalization in Japan was more a response to specific interest groups than an effort at fundamental redesign; perceived absence of …

Persistent link: https://www.econbiz.de/10005644813

Corporate Financial Structure and Financial Stability

Stone, Mark R.; Davis, E. P. - International Monetary Fund (IMF) - 2004

This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....

Persistent link: https://www.econbiz.de/10005599642

Private Finance and Public Policy

Schinasi, Garry J. - International Monetary Fund (IMF) - 2004

This paper articulates a logical foundation-drawn from disparate literatures-for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private aspects of finance provide broader social economic benefits and have the...

Persistent link: https://www.econbiz.de/10005605171

Exchange Rates in Central Europe; A Blessing o+L2762r a Curse?

Kuijs, Louis; Borghijs, Alain - International Monetary Fund (IMF) - 2004

Central European accession countries (CECs) are currently considering when to adopt the euro. From the perspective of macroeconomic stabilization, the cost or benefit of giving up a flexible exchange rate depends on the types of asymmetric shocks hitting the economy and the ability of the...

Persistent link: https://www.econbiz.de/10005605279

Financial Stability in Dollarized Economies

Gulde, Anne Marie; Hoelscher, David S.; Ize, Alain; … - International Monetary Fund (IMF) - 2004

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The studyâ€™s conclusions are the basis of an ongoing policy dialogue with IMF member...

Persistent link: https://www.econbiz.de/10005824860

The Quality Effect; Does Financial Liberalization Improve the Allocation of Capital?

Abiad, Abdul; Oomes, Nienke; Ueda, Kenichi - International Monetary Fund (IMF) - 2004

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is … new financial liberalization index and firm-level data for five emerging markets: India, Jordan, Korea, Malaysia, and … Thailand. They find strong evidence that financial liberalization, rather than financial deepening, improves allocative …

Persistent link: https://www.econbiz.de/10005825813

Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis

Das, Udaibir S.; Quintyn, Marc; Chenard, Kina - International Monetary Fund (IMF) - 2004

This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on...

Persistent link: https://www.econbiz.de/10005825836

Developing Strategies for Islamic Banks to Face the Future Challenges of Financial Globalization

Al Ajlouni, Ahmed - Volkswirtschaftliche Fakultät, … - 2004

Developing Strategies for Islamic Banks to Face the Future Challenges of Financial Globalization Ahmed Al-Ajlouni Abstract This study aims at forming strategic response to assess the ability of Islamic banks in benefiting from the opportunities that may be provided by financial globalization and...

Persistent link: https://www.econbiz.de/10005836016

Finance and Growth: A Survey of the Theoretical and Empirical Literature

Eschenbach, Felix - Tinbergen Institute - 2004

regimes. First McKinnon and Shaw advocated financial liberalization in a period of widespread government intervention in …

Persistent link: https://www.econbiz.de/10005144407