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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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
1998.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1998/083 |
| Accesso online: | Full text available on IMF |