WELFARE GAINS FROM FINANCIAL LIBERALIZATION*
نویسندگان
چکیده
منابع مشابه
Welfare Gains from Financial Liberalization.
Financial liberalization has been a controversial issue, as empirical evidence for growth enhancing effects is mixed. Here, we find sizable welfare gains from liberalization (cost to repression), though the gain in economic growth is ambiguous. We take the view that financial liberalization is a government policy that alters the path of financial deepening, while financial deepening is endogeno...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2010
ISSN: 0020-6598
DOI: 10.1111/j.1468-2354.2010.00593.x