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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," Research Department Publications 4102, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4102
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    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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