Strategies for Financial Reforms
Delano Villanueva ()
Chapter 1 in Macroeconomic Policies for Stable Growth, 2008, pp 1-29 from World Scientific Publishing Co. Pte. Ltd.
AbstractThe following sections are included:Financial Liberalization: A Review of Major IssuesTheoretical DevelopmentsAn Overview of the TheoryImperfect Information and Credit RationingRisk-Sharing and Macroeconomic StabilityThe Problem of Moral HazardPolicy StrategiesExperiences with Different Liberalization StrategiesRapid Interest Rate LiberalizationGradual Liberalization of Interest RatesSummary and ConclusionsAppendix 1.A Models of Credit Rationing and Implicit ContractsStiglitz–Weiss (1981) ModelFried–Howitt (1980) ModelMankiw (1986) ModelReferences
Keywords: Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration (search for similar items in EconPapers)
JEL-codes: E O (search for similar items in EconPapers)
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