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...

詳細記述

書誌詳細
第一著者: Detragiache, Enrica
その他の著者: Demirguc-Kunt, Asli
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 1998.
シリーズ:IMF Working Papers; Working Paper ; No. 1998/083
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Financial Liberalization and Financial Fragility /  |c Enrica Detragiache, Asli Demirguc-Kunt. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 institutional characteristics. The data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper's results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved. 
538 |a Mode of access: Internet 
700 1 |a Demirguc-Kunt, Asli. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/083 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/083/001.1998.issue-083-en.xml  |z IMF e-Library