Banks, Financial Liberalization
نویسنده
چکیده
BANKS, FINANCIAL LIBERALIZATION AND THE ‘INTEREST RATE PREMIUM PUZZLE’ IN EAST ASIA
منابع مشابه
Banks, Financial Liberalization and the ‘interest Rate Premium Puzzle’ in East Asia
This paper develops a simple theoretical framework to explore the role of banks, bank inefficiencies and financial liberalization in explaining the sustained interest rate premium offered in a number of emerging economies in East Asia despite evidence of fairly credible ex-ante fixed exchange rates (Thailand in particular).
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