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Financial Reform and Liberalization in Iran and comparison with two ECO members: Pakistan and Turkey

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  • Anoshirvan Taghipour

Abstract

In the literature, there are many studies to measure financial liberalization indices, but none of them has studied for the case of Iran. Therefore, to fill this gap, in this paper we introduce a comprehensive indicator for financial liberalization which considers various aspects of financial sector reforms. Then, we estimate the index for the case of Iran and compare the results with two ECO members, i.e. Turkey and Pakistan. For the estimation of aggregate financial liberalization index, we use different methods of aggregation such as principal component method (PCM) and simple summation. Our findings show that Ira and Pakistan have started financial reforms since the mid 1990s, while Turkey has started a decade earlier, in 1980s. Moreover, the results show that the level of financial reforms in Iran is not very high amongst the countries considered while the index related to Turkey is higher compare with Iran and Pakistan. See above See above

Suggested Citation

  • Anoshirvan Taghipour, 2013. "Financial Reform and Liberalization in Iran and comparison with two ECO members: Pakistan and Turkey," International Conference on Energy, Regional Integration and Socio-economic Development 6326, EcoMod.
  • Handle: RePEc:ekd:005741:6326
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    Keywords

    Iran; Pakistan; Turkey; Finance; Regional integration;
    All these keywords.

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