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Financial Liberalization in Developing Countries

Issues, Time Series Analyses and Policy Implications

  • Abdullahi Dahir Ahmed
  • Sardar M. N. Islam

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 1-16
  3. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 17-67
  4. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 69-90
  5. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 91-140
  6. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 141-173
  7. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 175-219
  8. Abdullahi Dahir Ahmed, Sardar M. N. Islam
    Pages 249-253
  9. Back Matter
    Pages 255-295

About this book

Introduction

The latest global financial and economic crisis of 2008 has shown the need to re-examine the desirability of financial liberalization. This book is undertaking such a study on the issue of financial and market liberalization by adopting sophisticated econometric methods. It examines the effects of financial liberalization on economic development and social welfare using a case study approach on a sample of three Sub-Saharan African and an Asian country in which financial liberalization reforms were implemented. Further, it highlights some key causes of the failure of reform, and the policies and institutions that are needed to create an environment for successful financial liberalization. From the detailed country assessments, various policies such as effective competition in the banking sector, sound legal system, fiscal discipline and financial institutional development are identified, adoption of which can improve the efficiency of resource allocation, boost savings and impact growth, and thus lead to welfare enhancement.

Keywords

Costs-Benefit Analysis Developing Countries Economic Development Financial Liberalization Time-series Models

Authors and affiliations

  • Abdullahi Dahir Ahmed
    • 1
  • Sardar M. N. Islam
    • 2
  1. 1.Centre for Strategic Economic StudiesVictoria UniversityMelbourneAustralia
  2. 2.Centre for Strategic Economic StudiesVictoria UniversityMelbourneAustralia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-7908-2168-0
  • Copyright Information Physica-Verlag Heidelberg 2009
  • Publisher Name Physica, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-2167-3
  • Online ISBN 978-3-7908-2168-0
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking