Arbeitspapier
Financial liberalization in a small open economy
We analyze the long-run and short-run implications of financial liberalization in a small open economy. Our main results are as follows. First, whether financial deregulation in one sector can improve production efficiency may depend on financial regulation in other sectors. Second, financial liberalization may have opposite welfare implications to domestic agents with different productivity in the long run. Third, although some domestic agents lose in the long run, they benefit from financial liberalization during the transitional process of deregulation. Finally, a gradual implementation helps achieve a smooth transition.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1771
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Financial Markets and the Macroeconomy
International Lending and Debt Problems
Open Economy Macroeconomics
- Thema
-
Kapitalmarktliberalisierung
Kleines-offenes-Land
Wirtschaftspolitische Wirkungsanalyse
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
von Hagen, Jürgen
Zhang, Haiping
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- von Hagen, Jürgen
- Zhang, Haiping
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2006
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