the process of financial opening and liberalization which began shortly afterwards. In contrast to the disinflation policy … of 1985, the process of financial liberalization that started in 1987 proceeded in a slow and gradual mode. No official … deepen the reforms at the present time. This paper discusses the main elements of financial liberalization in Israel and …

In the real world of less than perfect markets, balancing the benefits and costs of financial liberalization is usually … policies, but have undermined fiscal discipline and monetary control. Upon liberalization, the rent created by financial …

and benefits of policies affecting services on the political economy of the liberalization of trade in services. …

liberalization of 1991. This Paper demonstrates that the transition to high growth occurred around 1980, a full decade before … economic liberalization. We investigate a number of hypotheses about the causes of this growth – favourable external … environment, fiscal stimulus, trade liberalization, internal liberalization, the green revolution, public investment – and find …

, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … development and is a significant determinant of excess returns. We conclude that financial liberalization and the resolution of …

This Paper looks at the effect of domestic and external financial liberalization. Using a sample of 27 developing and … developed countries, it studies the exchange market pressure and output gap effects of liberalization. The results show that … policy measures desirable to make liberalization safer than it has been so far. …

The paper analyses the impact of financial liberalization and reform in emerging markets on the dynamics of capital … liberalization, combined with the cost of absorbing large inflows in emerging eonomies, leads to rich dynamics of capital flows and …