Titlebook: Experiences with Financial Liberalization; Kanhaya L. Gupta (Professor of Economics) Book 1997 Springer Science+Business Media New York 19

Pander

Reverie

0924-199X obe since the 1960s. There is a sizablebody of theoretical and aggregative empirical literature in this area,but there is little work documenting and analyzing the experiences ofindividual countries and/or sets of countries. This book is dividedinto four parts by geographical region - Africa, Asia a

招致

木訥

https://doi.org/10.1007/978-3-642-04907-1d commodity price increases. The shortages exacerbated the difficulties of economic transition in the productive sectors, caused a decline in the faith of citizens in their governments’ ability to manage the economies, and greatly increased political tensions among these economies.

異常

From Financial Repression to Liberalizationm to suggest that reversing policies over a period of time does not necessarily lead to a corresponding reversal in the performance of the economy in question or in its financial system. A hysteresis effect occurs, which means that the bad policies initially implemented can continue to have negative effects long after they have been discontinued.

constitute

Rubles, Rubles, Everywhere.d commodity price increases. The shortages exacerbated the difficulties of economic transition in the productive sectors, caused a decline in the faith of citizens in their governments’ ability to manage the economies, and greatly increased political tensions among these economies.

Gobble

表示向前

https://doi.org/10.1007/978-3-540-75349-0n these cases good economic performance preceded the liberalization process, and heavy government controls of the financial sector played (and still play) a key role in successful industrial development.

固執(zhí)點好

Interest-Rate Liberalization and Monetary Control in Chinach as working capital and fixed investment loans. Although banks have some discretion in varying interest rates, China’s interest rates are basically determined by administrative fiat (Tseng et al., 1994, pp. 13-18).

舊病復發(fā)

Financial Reform, Institutions, and Macroeconomic Adjustmentn these cases good economic performance preceded the liberalization process, and heavy government controls of the financial sector played (and still play) a key role in successful industrial development.