The Case for Prudent Financial Liberalisation and its Policy Implications

Stephany Griffith-Jones

Revue d’économie du développement, 2014, vol. 22, issue HS02, 9-34

Abstract: First, the paper will examine the policy issues around domestic financial sectors (their size and structure) as well as that of their regulation. Second, it will examine the policy issues of capital account management. This analysis will be framed by the two aims of the financial sector: to fund in an efficient and sustainable way the needs of companies and households (thus supporting inclusive growth) and to avoid damaging crises by supporting financial stability. Though reference will be made to developed economies, the analysis will focus here more on developing and emerging economies.

Date: 2014
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