Arestis, Philip; Demetriades, Panicos - In: Eastern Economic Journal 25 (1999) 4, pp. 441-457
This paper investigates the experience of developing countries with financial liberalization, focusing on the gap … significant destabilizing consequences. e argue that the main implicit assumptions of the financial liberalization thesis, perfect …. We conclude by suggesting that a great deal more caution should be disposed in the future when implementing financial …