Introduction

Abdullahi Dahir Ahmed () and Sardar M. N. Islam ()
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Abdullahi Dahir Ahmed: Victoria University
Sardar M. N. Islam: Victoria University

Chapter Chapter 1 in Financial Liberalization in Developing Countries, 2010, pp 1-16 from Springer

Abstract: Abstract The financial system, both domestic and international, is undergoing rapid, complex and fundamental transformation. A very important transformation, which is enormously controversial as well, is financial liberalization. The process has created uncertainties and confusion amongst policy makers and raised important issues that need to be better understood and resolved. Some of these issues are summarised below as an introduction to the debate about financial liberalization. International financial integration, financial globalization, financial capital market regulation, financial crisis and international financial contagion, and the issues of financial liberalization/financial repression are some of the important contemporary topics in the field of international finance and development economics. Issues more specific to financial liberalization debate are financial repression, capital control, risk management, moral hazard, asymmetric information, financial instability and systemic risk and dysfunctionalities in the financial system (Hansanti, Islam and Sheehan, 2008; Stiglitz, 1994).

Keywords: Interest Rate; Monetary Policy; Financial Crisis; Financial System; Commercial Banking (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2168-0_1

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DOI: 10.1007/978-3-7908-2168-0_1

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