economic fundamentals were differential leading up to the crisis. More importantly, the differences in the pace of financial … liberalization and the method that South Korea financed its growth particularly in the 1990s were much different than Taiwan's. We …

Financial liberalization is a highly controversial policy. Despite the fact that almost all the regions of the world … remains a question. In our research, we find that financial liberalization reduces the cost of capital, boosting the relative …, however, depends on the quality of institutions supporting credit markets. The effects of financial liberalization are more …

How are interest rates determined in an open economy after financial liberalization has taken place? This is the main …