The Scope and Limits of Fiancial Liberalization in Developing-Countries - a Critical Survey

Gibson, H.D. and Tsakalotos, E. (1994) The Scope and Limits of Fiancial Liberalization in Developing-Countries - a Critical Survey. Journal of Development Studies, 30 (3). pp. 578-628. ISSN 0022-0388. (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/10.1080/00220389408422329

Abstract

This article reviews the growing literature on financial reform in developing countries. We draw both on the theoretical contributions outlining the case for and against liberalisation as well as on the experience of many developing countries with liberalisation. We argue that the existence of market failures in financial markets hampers the liberalisation process and indeed suggests that the simple liberalising strategy envisaged in much of the literature is inappropriate. We argue instead for an alternative strategy which integrates some aspects of liberalisation with the development of appropriate financial institutions designed to serve best the needs of the real economy.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: P. Ogbuji
Date Deposited: 26 Jun 2009 16:52
Last Modified: 08 Jun 2012 15:02
Resource URI: http://kar.kent.ac.uk/id/eprint/20209 (The current URI for this page, for reference purposes)
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