IDEAS home Printed from https://ideas.repec.org/p/fth/birmif/98-06.html
   My bibliography  Save this paper

Potential and Pitfalls of Financial Liberalisation on Domestic and International Fronts

Author

Listed:
  • Fry, M.J.

Abstract

Fiscal difficulties frequently lie behind numerous features and problems of financial systems in developing countries. Many developing country governments find it virtually impossible to satisfy their intertemporal budget constraint with conventional tax revenue. Hence, they rely on revenue from the inflation tax and they reduce their interest costs through financial repression. Both the theoretical and empirical findings reviewed in this paper suggest that financial represssion is a particularly damaging quasi-tax from the perspective of economic growth.

Suggested Citation

  • Fry, M.J., 1998. "Potential and Pitfalls of Financial Liberalisation on Domestic and International Fronts," Papers 98-06, University of Birmingham - International Financial Group.
    • Handle: RePEc:fth:birmif:98-06
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    DEVELOPING COUNTRIES ; FINANCIAL MARKET;

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:birmif:98-06. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.