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Financial Liberalization Era in Turkey: Critique on Decree No.32

Koska, Onur - EconWPA - 2005

“Financial Liberalization” winds had blown for 1980s’ Turkey, affected from developed nations, resulted from the efforts of keeping in step with world trend, and hence the law that had been put into practice in 1989, “decree no.32”, had not only affected its era, also had left...

Persistent link: https://www.econbiz.de/10005076682

SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

CAPITAL ACCUMULATION HAS BEEN EMPHASISED AS THE MAJOR FACTOR GOVERING THE RATE OF DEVELOPMENT. THIS STUDY THEREFORE AIMS EXPLORING IN THE LIGHT OF PAST TRENDS, THE ROLE AND SCOPE OF COMMERCIAL BANKS AS FINANCIAL INTERMEDIARIES IN MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN...

Persistent link: https://www.econbiz.de/10005076971

Bad Policies Under an Autocrat's Production

Jeong, Byeongju - EconWPA - 2001

Bad policies (i.e., policies harmful to private producers such as excessive taxation, arbitrary confiscation, and negligence of pubic goods) are observed in quite a few countries. These countries tend to have autocratic regimes.I explore a reason why bad policies may benefit autocrats.I present...

Persistent link: https://www.econbiz.de/10005125892

Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31

Obstfeld, Maurice; Taylor, Alan M. - EconWPA - 2003

What determines sovereign risk? We study the London bond market from the 1870s to the 1930s. Our findings support conventional wisdom concerning the low credibility of the interwar gold standard. Before 1914 gold standard adherence effectively signalled credibility and shaved up to 30 basis...

Persistent link: https://www.econbiz.de/10005062604

CRISES & CRASHES: ARGENTINA 1885 – 2003

Meloni, Osvaldo; Cerro, Ana María - EconWPA - 2005

This paper is aimed at studying the determinants of currency crises suffered by Argentina from 1885 to 2003, on one hand, and at characterizing each particular currency crisis, on the other hand. Firstly, we identify crises episodes throughout the Argentine history. We apply the Eichengreen,...

Persistent link: https://www.econbiz.de/10005408386

Competitive collaboration & market contestability: Cases in Mexican & UK banking (1945-1975)

Batiz-Lazo, Bernardo; Angel, Gustavo Del - EconWPA - 2002

and non-bank financial competitors emerged in the context of the external innovations that modified the contestability of … bank markets. Changes in Mexican banking consider collaboration between commercial banks and small regional banks, with an … emphasis on the 1945 to 1975 period. The success of collaboration, between non-bank and non-finance providers to modify …

Persistent link: https://www.econbiz.de/10005408390

The Internationalization of Money and Finance and the Globalization of Financial Markets

Lothian, James R. - EconWPA - 2003

In this paper I combine long multi-country time series data for interest rates and stock returns with the institutional evidence for much earlier centuries amassed by economic historians to study the question of financial globalization and how it has altered since the late classical era. At...

Persistent link: https://www.econbiz.de/10005556598

Financial Globalization and Regulation

Arestis, Philip; Basu, Santonu - EconWPA - 2004

This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...

Persistent link: https://www.econbiz.de/10005556603

Financial Sector Reforms in Developing Countries with Special reference to Egypt

Arestis, Philip - EconWPA - 2003

Financial Sector Reforms in Developing Countries with Special Reference to Egypt Philip Arestis, The Levy Economics Institute of Bard College ABSTRACT Financial reforms, and financial liberalization in particular, have been at the root of many recent cases of financial and banking crises. In...

Persistent link: https://www.econbiz.de/10005556856

British Industrialization and the Profit Constraint Hypothesis: The Case of a Manchester Cotton Enterprise, 1798-1827

Harvey S. James Jr. - EconWPA - 1996

This paper test the hypothesis that capital market imperfections constrained the growth of British firms during the Industrial Revolution. Using data on the cost structure of a representative British cotton manufacturer during the 1798 to 1827 period, this paper shows that the scale of operation...

Persistent link: https://www.econbiz.de/10005556874

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