Advanced Search
MyIDEAS: Login to save this article or follow this journal

How Risky is Financial Liberalization in the Developing Countries?

Contents:

Author Info

  • Charles Wyplosz

    (Graduate Institute of International Studies, Geneva and CEPR)

Abstract

Using a sample of 27 developing and developed economies this paper asks whether financial liberalization is hazardous. It adds to the existing literature in four respects. First, it moves away from the binary coding used to identify crises, thus ignoring the difference between big and small ones. Second, it takes into account both domestic and external financial restrictions. Third, it looks separately at various instruments designed to restrict financial markets. Finally, it estimates in parallel the impact of liberalization in developed and developing countries. The main result is that financial liberalization is considerably more destabilizing in developing countries than in developed countries, leading to a boom-bust cycle. Comparative Economic Studies (2002) 44, 1–26; doi:10.1057/ces.2002.7

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.palgrave-journals.com/ces/journal/v44/n2/pdf/ces20027a.pdf
File Function: Link to full text PDF
Download Restriction: Access to full text is restricted to subscribers.

File URL: http://www.palgrave-journals.com/ces/journal/v44/n2/full/ces20027a.html
File Function: Link to full text HTML
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 44 (2002)
Issue (Month): 2-3 (September)
Pages: 1-26

as in new window
Handle: RePEc:pal:compes:v:44:y:2002:i:2:p:1-26

Contact details of provider:
Web page: http://www.palgrave-journals.com/

Order Information:
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Email:
Web: http://www.palgrave-journals.com/pal/subscribe/index.html

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Ahmet Atil Asici, 2007. "Parametric and Non-parametric Approaches to Exits from Fixed Exchange Rate Regimes," IHEID Working Papers 14-2007, Economics Section, The Graduate Institute of International Studies.
  2. Kim, Bonghoon & Kenny, Lawrence W., 2007. "Explaining when developing countries liberalize their financial equity markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 17(4), pages 387-402, October.
  3. Komulainen, Tuomas & Lukkarila, Johanna, 2003. "What drives financial crises in emerging markets?," Emerging Markets Review, Elsevier, vol. 4(3), pages 248-272, September.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:44:y:2002:i:2:p:1-26. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.