Financial Liberalization and Policy Challenges

Michael Dooley

No 6075, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: There is growing discontent with the conventional wisdom concerning economic policy. The unhappy fact seems to be that a stable macroeconomic environment may be necessary but not sufficient to coax the desired outcomes from liberalized financial systems. This paper reviews several promising extensions of the conventional model and discusses their policy implications.

Keywords: capital controls; WP-363; financial policy (search for similar items in EconPapers)
Date: 1997-12
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Citations: View citations in EconPapers (1)

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Working Paper: Financial Liberalization and Policy Challenges (1997)
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