Financial liberalization

Author: Wang Yonglan
Publisher:
Publish Date: 2003-07-01
Features: This outstanding read is another significant achievement of a world-class financial research project. The World Bank Finance Team has gathered a group of important contributors who use analytical methods, econometric methods, and case study methods to analyze the issue of financial liberalization. The book combines rigorous theoretical knowledge with a broad historical approach, discussing issues in mature market economies, developing countries, and transition economies, making it highly valuable. For the theoretical debates people are accustomed to regarding how to manage financial systems, the purpose of this book is to express a more practical understanding based on extensive experience. The book not only studies cross-border economies but also narrates carefully selected, distinct cases from Europe, East Asia, South Asia, Latin America, and the former Soviet Union. In recent years, the widespread financial crises around the world have strikingly highlighted the shortcomings of financial liberalization policies. These issues are highly complex, and it is absurd to believe that a standard liberalization model can be effectively applied to all countries. The evidence presented in the book shows that when proposing policy recommendations, it is essential to thoroughly consider the actual conditions of each country. The book was produced as part of a research project initiated by the World Bank's Development Research Group.