The paper analyses the impact of financial liberalization and reform in emerging markets on the dynamics of capital … liberalization, combined with the cost of absorbing large inflows in emerging eonomies, leads to rich dynamics of capital flows and …, if investors have incomplete information about new emerging markets, and learn over time, there can be high volatility of …

resulting volatility can induce risk-averse transactors who face transaction costs to desert these markets altogether. Thus … thinness and the consequent price volatility may become joint self-perpetuating features of an equity market, whatever the … volatility of asset fundamentals. If, however, appropriate incentive schemes are adopted to encourage entry of additional …

A frequently encountered argument against the liberalization of markets for tropical crop commodities is that this may … liberalization. That claim is not supported by examination of the unit value of cocoa imports into the European Union which … intermediaries. There is no evidence of any significant quality problems arising from market liberalization. We conclude that …

Nation (MFN) trade agreements coincided with the end of a period of unilateral liberalization across the world, and that it …

the process of financial opening and liberalization which began shortly afterwards. In contrast to the disinflation policy … of 1985, the process of financial liberalization that started in 1987 proceeded in a slow and gradual mode. No official … deepen the reforms at the present time. This paper discusses the main elements of financial liberalization in Israel and …

In the real world of less than perfect markets, balancing the benefits and costs of financial liberalization is usually … repression in the sample studied here. Credit ceilings do not reduce the volatility or the level of nominal interest rates but … volatility. Financial restraints have been used to provide cheap financing of public sector deficits and to support industrial …

This Paper explores interactions between growth, economic liberalization and democratization during transition. The … results can be summarized as follows: (1) Liberalization has a strong positive effect on growth during transition. This holds … also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization …