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The order of economic liberalization : financial control in the transition to a market economy /
Publié 1993Table des matières: “…Introduction : the order of economic liberalization Financial repression and the productivity of capital : empirical findings on interest rates and exchange rates High real interest rates : Japan and Taiwan versus Chile Instruments of financial repression Inflation tax, monetary control, and reserve Requirements on commercial banks Macroeconomic control during disinflation : Chile versus South Korea Macroeconomic instability and moral hazard in banking Protectionism in foreign trade : quotas versus tariffs Exchange-rate policy in repressed and open economies The international capital market and economic liberalization : the overborrowing syndrome Stabilizing the ruble : financial control during the transition from a centrally planned to a market economy Foreign trade, protection, and negative value-added in a liberalizing socialist economy Financial growth and macroeconomic stability in China, 1978-1992 : implications for Russia and Eastern Europe Gradual versus rapid liberalization in socialist foreign trade : concluding notes on alternative models…”
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