Книги
How Risky is Financial Liberalization in the Developing Countries?
Wyplosz, C. How Risky is Financial Liberalization in the Developing Countries? : Research papers for the Intergovernmental Group of Twenty-Four on International Monetary Affairs / C. Wyplosz; U.N. Conference on Trade and Development; Center for International Development Harvard University. — New YorkGeneva : United Nations, 2001. — 26 p.. — (G-24 Discussion Paper Series; N 14, September 2001). — . Насколько рискованна финансовая либерализация в развивающихся странах?.
Аннотация
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 developing and developed countries differ in many respects. By and large, the effects are significantly stronger in developing countries. Exchange market pressure to be strongly positive as capital flows, but reversals seem to follow systematically. Similarly, the behaviour of the output gap corresponds well to boom and bust cycles. The Paper concludes with a discussion of policy measures desirable to make liberalization safer than it has been so far.
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УДК:339.7
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