Financial Liberalization and Policy Challenges

There is growing discontent with the conventional wisdom concerning economic policy. The unhappy fact seems to be that a stable macroeconomic environment may be necessary but not sufficient to coax the desired outcomes from liberalized financial systems. This paper reviews several promising extensions of the conventional model and discusses their policy implications.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Michael P. Dooley
Format: Working Papers biblioteca
Language:English
Published: Inter-American Development Bank
Subjects:Fiscal Policy, Financial Market, capital controls;WP-363;financial policy,
Online Access:http://dx.doi.org/10.18235/0011548
https://publications.iadb.org/en/financial-liberalization-and-policy-challenges
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