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Synopsis
Experiences with Financial Liberalization provides a broad spectrum of policy experiences relating to financial liberalization around the globe since the 1960s. There is a sizable body of theoretical and aggregative empirical literature in this area, but there is little work documenting and analyzing the experiences of individual countries and/or sets of countries. This book is divided into four parts by geographical region - Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Aggregative econometric studies cannot substitute for country-wide studies in allowing the researcher to draw lessons for the future, and this volume adds to this relatively small body of literature.
Booknews
Describes a broad spectrum of policy experiences relating to financial liberalization around the world since the 1960s, with sections on experiences of countries in Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Focus is on domestic aspects of financial liberalization. Articles reflect the uniqueness of each country, rather than searching for a universally applicable paradigm for financial deregulation. Topics include the destabilizing effects of financial liberalization in the Philippines, cash shortages and financial repression in the former Soviet Union, and financial reforms and commercial bank behavior in Poland. Annotation c. by Book News, Inc., Portland, Or.