Financial Liberalization and Financial Fragility:
Saved in:
Bibliographic Details
Main Author: Detragiache, Enrica (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1998
Series:IMF Working Papers Working Paper No. 98/83
Links:http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
http://elibrary.imf.org/view/IMF001/02366-9781451850512/02366-9781451850512/02366-9781451850512.xml
Abstract:A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. The data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper's results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved
Physical Description:1 Online-Ressource (36 p)
ISBN:1451850514
9781451850512