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Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This
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Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liber
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This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission proc
Liberalization, Financial Instability and Economic Development
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Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolu
Boom-bust Cycles and Financial Liberalization
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Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility th