Banks, Financial Liberalization and the ‘interest Rate Premium Puzzle’ in East Asia
نویسنده
چکیده
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).
منابع مشابه
Banks, Financial Liberalization
BANKS, FINANCIAL LIBERALIZATION AND THE ‘INTEREST RATE PREMIUM PUZZLE’ IN EAST ASIA
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تاریخ انتشار 1999