Financial liberalization in developing countries

書誌事項

Financial liberalization in developing countries

Trevor M. Sikorski

Edward Elgar, 1996

大学図書館所蔵 件 / 26

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注記

Includes bibliographical references (p. 284-303) and index

内容説明・目次

内容説明

In Financial Liberalization in Developing Countries, Trevor Sikorski challenges conventional financial liberalization theory by using a more complete view of the money creation process in developing countries. This book seeks to develop a theoretical framework for successful analysis of monetary and financial policy in developing countries.By emphasizing the inter-relationships and institutional structures which characterize the monetary transmission mechanism, Dr Sikorski shows how a policy of full financial liberalization is largely unsustainable in a developing economy. Assuming an endogenous money supply, this analysis is able to take greater account of adjustment costs from financial liberalization. Case studies are presented for South Korea, Indonesia, Malaysia and the Philippines, in order to assess the experiences of these countries in an endogenous money framework. Financial Liberalization in Developing Countries will be welcomed for offering a coherent and unified theoretical framework capable of explaining the way monetary policy works in repressed and liberalized financial regimes.

目次

Contents: 1. Introduction 2. Endogeneity vs Exogeneity - A Monetary Debate 3. Financial Repression and Liberalization 4. The New Structuralists and Beyond 5. An Alternative: An Application of Post-Keynesian Economics 6. Short-Run Macroeconomics: Adjustment to Financial Liberalization 7. Experiences of Financial Liberalization in the Pacific Basin 8. Conclusions and Policy Directions Bibliography Index

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