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Title Bank Ownership and the Effects of Financial Liberalization
Author Mrs. Poonam Gupta
Publisher International Monetary Fund
Release Date 2011-03-01
Category Business & Economics
Total Pages 45
ISBN 9781455222049
Language English, Spanish, and French
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Book Summary:

Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial sector to inform this debate. Using bank-level data from 1991-2007, we ask whether public and private banks deployed resources freed up by reduced state preemption to increase credit to the private sector. We find that even after liberalization, public banks allocated a larger share of their assets to government securities than did private banks. Crucially, we also find that public banks were more responsive in allocating relatively more resources to finance the fiscal deficit even during periods when state pre-emption (measured in terms of the requirement to hold government securities as a share of assets) formally declined. These findings suggest that in developing countries, where alternative channels of financing may be limited, government ownership of banks, combined with high fiscal deficits, may limit the gains from financial liberalization.

Title Financial Liberalization and Investment
Author Kanhaya Gupta
Publisher Routledge
Release Date 2002-06-01
Category Business & Economics
Total Pages 200
ISBN 9781134772636
Language English, Spanish, and French
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Book Summary:

For two decades thinking on economic policy has been dominated by the idea of economic liberalization in general and financial deregulation in particular. This field has become both extensive and controversial, yet there is no single book which treats financial deregulation in a complete and coherent manner. This book rectifies the shortfall by focusing specifically on the consequences of interest rate deregulation for the real sectors of the economy. Using both analytical and simulation models the behaviour of consumers, firms, banks, informal credit markets and governments is examined with a view to providing guidance on a number of controversial issues.

Title Indonesia s Financial Liberalization
Author Miranda S. Goeltom
Publisher Institute of Southeast Asian
Release Date 1995
Category Capital investments
Total Pages 93
ISBN 9789813016873
Language English, Spanish, and French
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Book Summary:

Title Banking Sector Liberalization in India
Author Christian Roland
Publisher Springer Science & Business Media
Release Date 2007-10-25
Category Business & Economics
Total Pages 299
ISBN 9783790819823
Language English, Spanish, and French
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Book Summary:

This fascinating and timely work explores in detail the changes in the Indian banking sector over the last 20 years, and puts them into a comparative perspective with the Chinese banking sector. For this purpose, the author develops a detailed indicator-based framework for assessing the liberalization of a banking sector along various process steps based on financial liberalization and transformation studies. The key finding is that while liberalization has improved the sectoral performance, it has so far had no effect on the macro level.

Title Financial Liberalization
Author P. Arestis
Publisher Springer
Release Date 2005-09-08
Category Political Science
Total Pages 172
ISBN 9780230522381
Language English, Spanish, and French
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Book Summary:

The financial liberalization thesis emerged in the 1970s and has been of considerable importance ever since, not merely in terms of its theoretical influence but, perhaps more importantly, in terms of its impact on policy makers and policy debates. Although it has encountered increasing scepticism over the years, it nevertheless had a relatively early impact on development policy, which still continues unabated, through the work of the IMF and the World Bank. The latter two institutions, perhaps in their traditional role as promoters of what were claimed to be free market conditions, were keen to encourage financial liberalization policies as part of more general reforms or stabilization programmes. This book explores what we have learned from the vast experience of the theoretical and policy aspects of the financial liberalization.

Title Financial Liberalization Credit Market Imperfections and Financial System Stability
Author Tim Niepel
Publisher GRIN Verlag
Release Date 2015-06-03
Category Business & Economics
Total Pages 37
ISBN 9783656972532
Language English, Spanish, and French
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Book Summary:

Master's Thesis from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,5, Utrecht University (Utrecht School of Economics), language: English, abstract: Financial liberalization stimulates competition and thereby supposedly increases the efficiency of investment. A simple credit market model is developed to show that such efficiency improvements may be disturbed by competition-induced incentives for banks to accept higher default rates, which result in instability of the financial system. Thereby we offer a complementary explanation to the relationship between competition and stability in financial markets. Consequently we argue that government intervention, in the form of intelligent regulation, is necessary to ensure the development of sustainable financial markets.

Financial Reform by Gerard Caprio

Title Financial Reform
Author Gerard Caprio
Publisher Cambridge University Press
Release Date 1996-08-28
Category Business & Economics
Total Pages 494
ISBN 0521574242
Language English, Spanish, and French
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Book Summary:

This study is the first to look at the analytics of and experience with financial reform, in examples drawn mostly from the developing world.

Title Short run Macro economic Adjustment Policies in South Korea
Author Sweder van Wijnbergen
Publisher World Bank
Release Date 1981
Category Corea (República Popular Democrática, 1948 ****) - Condiciones económicas - Modelos matemáticos
Total Pages 178
ISBN UCSC:32106006999103
Language English, Spanish, and French
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Book Summary:

This directory contains a wide range of information on the World Bank Group including: an alphabetical staff listing with contact details; details of its organisational structure and functions; and listings for networks, country offices, services and organisational codes.

Capital Ungoverned by Michael Maurice Loriaux

Title Capital Ungoverned
Author Michael Maurice Loriaux
Publisher Cornell University Press
Release Date 1997
Category Business & Economics
Total Pages 234
ISBN 080148281X
Language English, Spanish, and French
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Book Summary:

Japan, South Korea, Mexico, France, and Spain once exercised significant control over the allocation of credit, and used that control to facilitate economic adjustment and industrial development. In the 1980s all that changed. Why and how these states dismantled their activist credit policies is the subject of Capital Ungoverned. The volume brings together five specialists in the economics and politics of these various states to assess the internal and global changes that prompted them to adopt financial liberalization.Comparison reveals the distinctive political and institutional logic that guided liberalization in each country—from the role of a newly dominant capitalist class in Korea to the replacement of state financing by private financing and self-financing in Japan, from the maneuvers of the banking establishment in Spain to attempts to attract foreign capital in Mexico. At the same time, these cases clarify the importance of international factors, in particular the shifts that occurred in U.S. policy as it sought to respond to the effects of uneven growth in the world economy.

Financial Liberalization by Yilmaz Akyüz

Title Financial Liberalization
Author Yilmaz Akyüz
Publisher Unknown
Release Date 1993
Category Capital movements
Total Pages 48
ISBN UCSD:31822018845073
Language English, Spanish, and French
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Book Summary:

Financial Liberalization And Growth In Developing Economics by Nigerian Society for Financial Research. Conference

Title Financial Liberalization and Growth in Developing Economics
Author Nigerian Society for Financial Research. Conference
Publisher Unknown
Release Date 2004
Category Finance
Total Pages 245
ISBN STANFORD:36105122239473
Language English, Spanish, and French
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Book Summary:

The Quality Effect by Mr. Abdul Abiad

Title The Quality Effect
Author Mr. Abdul Abiad
Publisher International Monetary Fund
Release Date 2004-06-01
Category Business & Economics
Total Pages 35
ISBN 9781452792613
Language English, Spanish, and French
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Book Summary:

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin''s Q across firms. Based on a simple model, the authors predict that financial liberalization, by equalizing access to credit, reduces the variation in expected marginal returns. They test this prediction using a new financial liberalization index and firm-level data for five emerging markets: India, Jordan, Korea, Malaysia, and Thailand. They find strong evidence that financial liberalization, rather than financial deepening, improves allocative efficiency.