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High Real Interest Rates Under Financial Liberalization: Is there a Problem?

Citations

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Cited by:

  1. Muhammad Arshad Khan & Abdul Qayyum, 2006. "Trade Liberalisation, Financial Sector Reforms, and Growth," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 711-731.
  2. Carmen M. Reinhart, 2000. "Comment on "Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility"," NBER Chapters, in: Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, pages 98-103, National Bureau of Economic Research, Inc.
  3. Asea, Patrick K & Reinhart, Carmen M, 1996. "Le Prix de l'Argent: How (Not) to Deal with Capital Inflows," Journal of African Economies, Centre for the Study of African Economies, vol. 5(3), pages 231-271, October.
  4. Reinhart, Carmen & Goldstein, Morris & Kaminsky, Graciela, 2000. "Assessing financial vulnerability, an early warning system for emerging markets: Introduction," MPRA Paper 13629, University Library of Munich, Germany.
  5. Babajide Fowowe, 2013. "Financial Liberalization In Sub-Saharan Africa: What Do We Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 27(1), pages 1-37, February.
  6. Glick, Reuven & Hutchison, Michael, 2005. "Capital controls and exchange rate instability in developing economies," Journal of International Money and Finance, Elsevier, vol. 24(3), pages 387-412, April.
  7. Tito Belchior Silva Moreira & Maurício Barata de Paula Pinto & Geraldo da Silva e Souza, 2004. "Crises gêmeas nos mercados emergentes: América Latina x Leste Asiático [Twin crises in emergent markets: Latin America and Eastern Asia]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 14(3), pages 161-186, September.
  8. Lachler, Ulrich, 1995. "Interest rates, credit, and economic adjustment in Nicaragua," Policy Research Working Paper Series 1529, The World Bank.
  9. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
  10. Reinhart, C.M. & Dunaway, S., 1996. "Dealing with Capital Inflows. Are There Any Lessons?," Research Paper 28, World Institute for Development Economics Research.
  11. Babajide Fowowe, 2011. "The finance‐growth nexus in Sub‐Saharan Africa: Panel cointegration and causality tests," Journal of International Development, John Wiley & Sons, Ltd., vol. 23(2), pages 220-239, March.
  12. Helmi Hamdi & Abdelaziz Hakimi & Mouldi Djelassi, 2013. "Did Financial Liberalization Lead to Bank Fragility? Evidence from Tunisia," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 7(5), pages 77-88.
  13. Demirguc-Kunt, Asli & Detragiache, Enrica, 1997. "The determinants of banking crises : evidence from industrial and developing countries," Policy Research Working Paper Series 1828, The World Bank.
  14. Mr. C. A. E. Goodhart & Miguel A. Segoviano & Boris Hofmann, 2006. "Default, Credit Growth, and Asset Prices," IMF Working Papers 2006/223, International Monetary Fund.
  15. Louis Kasekende & Damoni Kitabire & Matthew Martin, 1998. "Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa," Macroeconomics 9809005, University Library of Munich, Germany.
  16. Khémiri, Wafa & Noubbigh, Hédi, 2021. "Joint analysis of the non-linear debt-growth nexus and capital account liberalization: New evidence from sub-Saharan region," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 614-626.
  17. Morris Goldstein & Graciela Kaminsky & Carmen Reinhart, 2017. "Methodology and Empirical Results," World Scientific Book Chapters, in: TRADE CURRENCIES AND FINANCE, chapter 11, pages 397-436, World Scientific Publishing Co. Pte. Ltd..
  18. Masao Ogaki & Jonathan D. Ostry & Carmen M. Reinhart, 1996. "Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 38-71, March.
  19. Rahul Dhumale, 2000. "Capital Adequacy Standards: Are They Sufficient?," Working Papers wp165, Centre for Business Research, University of Cambridge.
  20. Reuven Glick & Michael Hutchison, "undated". "Stopping "Hot Money" or Signaling Bad Policy? Capital Controls and the Onset of Currency Crises," EPRU Working Paper Series 00-14, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
  21. Eirik Svindland, 1993. "Geld- und Fiskalpolitik im Transformationsprozess," Discussion Papers of DIW Berlin 74, DIW Berlin, German Institute for Economic Research.
  22. Pierre-Olivier Gourinchas & Rodrigo Valdes & Oscar Landerretche, 2001. "Lending Booms: Latin America and the World," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 47-100, January.
  23. Adam Honig, 2006. "Is there a link between dollarization and banking crises?," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(8), pages 1123-1135.
  24. Gluzmann, Pablo & Guzman, Martin, 2017. "Assessing the robustness of the relationship between financial reforms and banking crises," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 49(C), pages 32-47.
  25. Muhammad Arshad Khan, 2008. "Financial Development and Economic Growth in Pakistan," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 9(2), pages 375-391, September.
  26. Buch, Claudia M., 1994. "Insolvency costs and incomplete information in commercial banks: Implications for financial reform in Eastern Europe," Kiel Working Papers 616, Kiel Institute for the World Economy (IfW Kiel).
  27. Anis Chowdhury, 2012. "Structural Adjustment and Crises –Which Way Now?," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 4(1), pages 85-118, April.
  28. Miguel Segoviano, 2006. "Conditional Probabilty of Default Methodolgy," FMG Discussion Papers dp558, Financial Markets Group.
  29. Laeven, Luc, 2000. "Does financial liberalization relax financing constraints on firms ?," Policy Research Working Paper Series 2467, The World Bank.
  30. Segoviano, Miguel A., 2006. "Conditional probability of default methodology," LSE Research Online Documents on Economics 24512, London School of Economics and Political Science, LSE Library.
  31. Louis Kasekende & Damoni Kitabire & Matthew Martin, 1996. "Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa," Economics Working Paper Archive wp_158, Levy Economics Institute.
  32. Klaus P. Fischer & Martin Chenard, 1997. "Financial Liberalization Causes Banking System Fragility," Finance 9706004, University Library of Munich, Germany.
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