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The role of Financial Liberalization in Development: Weaknesses and Corrections

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  • D. Saidane

    (University of lille 3 -GREMARS)

Abstract

During the 80’s and 90’s, the increase in financial instability shook up the idyllic vision of the financial liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American countries as systemic crises. The deregulation of the financial sector has really affected their banks. We try to carry out an examination of the the financial liberalization process through a review of the literature. We analyze at first endemic weaknesses, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a driving force for the growth. The role of banking system is described in a development process usually facing the apology of the stock market.

Suggested Citation

  • D. Saidane, 2005. "The role of Financial Liberalization in Development: Weaknesses and Corrections," Finance 0503004, EconWPA.
  • Handle: RePEc:wpa:wuwpfi:0503004
    Note: Type of Document - pdf; pages: 14
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    References listed on IDEAS

    as
    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    2. Demirguc-Kent, Asli & Detragiache, Enrica, 1998. "Financial liberalization and financial fragility," Policy Research Working Paper Series 1917, The World Bank.
    3. Philip Arestis & Panicos Demetriades, "undated". "Finance and growth: Institutional Considerations and Causality," Working Papers 9605, University of East London, Department of Economics.
    4. Arestis, Philip & Demetriades, Panicos O, 1997. "Financial Development and Economic Growth: Assessing the Evidence," Economic Journal, Royal Economic Society, vol. 107(442), pages 783-799, May.
    5. Patrick Villieu, 2008. "Macroéconomie : consommation et épargne," Post-Print halshs-00250802, HAL.
    6. Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000. "Finance and the sources of growth," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    financial development; banking; credit;

    JEL classification:

    • G - Financial Economics

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