Reform of financial liberalization is a complex and long term phenomena.This implies that the impact of this reform on financial markets should not be immediate, but rather gradually over a long period.It is also important to note that liberalization does not occur in the same way on all...

Financial liberalization process and its implications on financial emerging markets have been multidisciplinary research since 1970. Reform of financial liberalization is a complex and long phenomena. This implies that the impact of this reform on financial markets should not be immediate, but...