Tornell, Aaron; Westermann, Frank; Martinez, Lorenza - In: Brookings Papers on Economic Activity 34 (2003) 2, pp. 1-112
Although the case for trade liberalization is now well established, the case for financial liberalization is not, because the latter is associated with lending booms and crises. Some critics invoke as evidence the recent weak growth of Mexico, a prominent liberalizer. We argue that...
