| Titre : | Financial Liberalization and Economic Development : A Reassessment of Interest-rate Policies in Asia and Latin America |
| Auteurs : | Ronald I. McKinnon, Auteur |
| Type de document : | Ouvrages |
| Editeur : | International Center for Economic Growth, 1988 |
| ISBN/ISSN/EAN : | 978-1-55815-020-1 |
| Format : | 48 p. |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] ÉCONOMIE > situation économique > cycle économique > inflation [Eurovoc] ÉCONOMIE > situation économique > développement économique > croissance économique [Eurovoc] FINANCES [Eurovoc] FINANCES > libre circulation des capitaux > saorghluaiseacht chaipitil > marché des capitaux [Eurovoc] GÉOGRAPHIE > Amérique > Amérique latine [Eurovoc] GÉOGRAPHIE > Asie - Océanie > Asie |
| Tags : | liberalization ; financial liberalization |
| Résumé : |
“This essay, by Ronald I. McKinnon of Stanford University, is number six in the Center's series of Occasional Papers, which feature broad reflections by senior scholars and policymakers on major development issues and policy applications experiences This paper focuses on a subject of great significance to developing countries-the importance and role of financial liberalization in capital formation and in economic growth. It reviews the traditional arguments for liberalization and considers problems associated with it, especially when policymakers are trying to reduce inflation and establish a stable price regime. He emphasizes both the enduring 1mportance of liberalization and of controlling inflation for economic growth, and then focuses on case histories in Chile and South Korea to analyze the problems of managing the transition and consider Strategies to accomplish that purpose. Professor McKinnon has made major contributions to understanding the importance of capital markets and of financial liberalization for growth in developing countries. Studies by him and by his colleague Edward Shaw provided early scholarly support for liberalization, and this essay thus stands for him as an important return visit to this important subject”.
Nicolas Ardito-Barletta - General Director ICEG |
| Note de contenu : |
I. Introduction
II. Cross-Country Comparisons of Interest Rates, Price Inflation, and Real Financial Growth III. The Transition from High Inflation to a Stable Price Level |
Exemplaires (1)
| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 009544 | RC ASIE 391 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Disponible |
