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|c 15.00 USD
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|z 9781589067486
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|a 0251-6365
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|a BD-DhAAL
|c BD-DhAAL
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|a Dell'Ariccia, Giovanni.
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|a Reaping the Benefits of Financial Globalization /
|c Giovanni Dell'Ariccia, Paolo Mauro, Andre Faria, Jonathan Ostry.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (52 pages)
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|a Occasional Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy.
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|a Mode of access: Internet
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|a Faria, Andre.
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|a Mauro, Paolo.
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|a Ostry, Jonathan.
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|a Occasional Papers; Occasional Paper ;
|v No. 2008/007
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/books/084/05569-9781589067486-en/05569-9781589067486-en-book.xml
|z IMF e-Library
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