The Challenges of Financial Liberalisation for Emerging Market Economies
AbstractIn this speech to the staff of the Reserve Bank of India delivered on May 14, 2007 at the RBI, Central Office, Mumbai, the author offers some comments on the challenges posed by financial liberalisation drawing a comparison with France. The lessons that can be drawn from a comparison with the French experience may seem limited since, in the 1980s, France was facing capital outflows, whereas emerging economies are now often facing speculative capital inflows. However, while the challenge has become more demanding, successful financial liberalisation for EMEs still rests on the same two key conditions that applied to France: Building a resilient domestic financial system while or before opening the capital account; and shaping appropriate institutions and policies.
Download InfoIf 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.
Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:1000.
Date of creation: Jun 2007
Date of revision:
Note: Institutional Papers
Contact details of provider:
Web page: http://www.esocialsciences.org
capital account liberalisation; financial liberalisation; financial system; emerging market economies; France; Economics; Finance;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Saoussen Ben Gamra & Dominique Plihon, 2007. "Qualité Des Institutions, Libéralisation Et Crises Bancaires Le Cas Des Pays Émergents," Working Papers hal-00574136, HAL.
- Saoussen Ben Gamra & Dominique Plihon, 2007. "Qualité Des Institutions, Libéralisation Et Crises Bancaires Le Cas Des Pays Émergents," CEPN Working Papers hal-00574136, HAL.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash).
If references are entirely missing, you can add them using this form.