Welfare Gains from Financial Liberalization /

Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent with the literature, the gain in the economic growth is ambig...

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Bibliographic Details
Main Author: Ueda, Kenichi
Other Authors: Townsend, Robert
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/154
Online Access:Full text available on IMF