Financial Liberalization and Financial Fragility /

A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant insti...

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Bibliographic Details
Main Author: Detragiache, Enrica
Other Authors: Demirguc-Kunt, Asli
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/083
Online Access:Full text available on IMF