Der Cruzado-Plan vom Februar 1986, der Brasilien schlagartig Preisniveaustabilität ohne eine Stabilisierungskrise verschaffen sollte, ist gescheitert. Seitdem sind etwas mehr als zwei Jahre vergangen, und Brasilien weist nicht nur wieder - wie vor dem Cruzado-Plan - zweistellige monatliche...

In most developing countries financial markets are still highly fragmented and dualistic (Nunnenkamp 1985, p. 20). This is considered as a hindering factor to economic development. The rationale behind this is the view shared by most economists that a higher level of financial integration c.p....

These is an ongoing debate with regard to the Timing and Sequencing of Liberalization in LDC's. The Capital Account or Trade Account First'-Puzzle is tackled with different methodological tools of analysis, ranging from the Political Economy Approach put forward by D. Lai (1987) to the orthodox...