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Financial Liberalization and Policy Challenges

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  • Michael P. Dooley

Abstract

There is growing discontent with the conventional wisdom concerning economic policy. The unhappy fact seems to be that a stable macroeconomic environment may be necessary but not sufficient to coax the desired outcomes from liberalized financial systems. This paper reviews several promising extensions of the conventional model and discusses their policy implications.

Suggested Citation

  • Michael P. Dooley, 1997. "Financial Liberalization and Policy Challenges," IDB Publications (Working Papers) 6075, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:6075
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    References listed on IDEAS

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    Cited by:

    1. Etkin Ozen & Cem Sahin & Ibrahim Unalmis, 2013. "External Financial Stress and External Financing Vulnerability in Turkey : Some Policy Implications for Financial Stability," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(Special I), pages 65-74.
    2. -, 2001. "The impact of privatisation on the banking sector in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27492, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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