Abstract: One of the chief benefits of financial liberalization proposed by theoretical literature is that it should allow countries to better smooth consumption through international risk sharing.

How should liberalization be sequenced and managed to ensure that the benefits dominate? The growth of international financial transactions and international capital flows is one of the most ...

Using 1981–99 panel data on Indonesian manufacturing establishments and a survey of 2000 top business in Indonesia, Indonesia's Financial Liberalization analyses the consequences of financial ...

The financial crisis struck with full force in the autumn of 2008. Very soon after the start of the crisis, culprits were sought. An important recurring argument was that liberalization of trade in ...

The liberalisation of China’s financial sector will remain attractive for foreign institutions, as the sector plays a pivotal role in the country’s broader strategy of opening up, according to ...