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Introduction

In: Financial Liberalization in Developing Countries

Author

Listed:
  • Abdullahi Dahir Ahmed

    (Victoria University)

  • Sardar M. N. Islam

    (Victoria University)

Abstract

The financial system, both domestic and international, is undergoing rapid, complex and fundamental transformation. A very important transformation, which is enormously controversial as well, is financial liberalization. The process has created uncertainties and confusion amongst policy makers and raised important issues that need to be better understood and resolved. Some of these issues are summarised below as an introduction to the debate about financial liberalization. International financial integration, financial globalization, financial capital market regulation, financial crisis and international financial contagion, and the issues of financial liberalization/financial repression are some of the important contemporary topics in the field of international finance and development economics. Issues more specific to financial liberalization debate are financial repression, capital control, risk management, moral hazard, asymmetric information, financial instability and systemic risk and dysfunctionalities in the financial system (Hansanti, Islam and Sheehan, 2008; Stiglitz, 1994).

Suggested Citation

  • Abdullahi Dahir Ahmed & Sardar M. N. Islam, 2010. "Introduction," Contributions to Economics, in: Financial Liberalization in Developing Countries, chapter 0, pages 1-16, Springer.
  • Handle: RePEc:spr:conchp:978-3-7908-2168-0_1
    DOI: 10.1007/978-3-7908-2168-0_1
    as

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