Financial liberalization in a small open economy : presented at CESifo Conference on Global Economy, April 2006
Juergen von Hagen; Haiping Zhang
| Year of publication: |
2006
|
|---|---|
| Authors: | Hagen, Jürgen von ; Zhang, Haiping |
| Publisher: |
Munich : Univ., Center for Economic Studies [u.a.] |
| Subject: | Kleine offene Volkswirtschaft | Small open economy | Finanzmarktregulierung | Financial market regulation | Theorie | Theory | Kreditmarkt | Liberalisierung | Produktivitätszuwachs |
| Extent: | 28 S. graph. Darst. |
|---|---|
| Series: | CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute. - Munich : CESifo, ISSN 1617-9595, ZDB-ID 2023380-2. - Vol. 1771 |
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Literaturverz. S. 27 - 28 We analyze the long-run and short-run implications of financial liberalization in a small open economy. Our main results are as follows. First, whether financial deregulation in one sector can improve production efficiency may depend on financial regulation in other sectors. Second, financial liberalization may have opposite welfare implications to domestic agents with different productivity in the long run. Third, although some domestic agents lose in the long run, they benefit from financial liberalization during the transitional process of deregulation. Finally, a gradual implementation helps achieve a smooth transition. Internetausg.: http://www.cesifo-group.de/~DocCIDL/cesifo1_wp1771.pdf |
| Source: | ECONIS - Online Catalogue of the ZBW |
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