A Framework for the Analysis of Financial Reforms and the Cost of official Safety Nets

A Framework for the Analysis of Financial Reforms and the Cost of official Safety Nets
This paper builds a multiperiod, general equilibrium framework for analyzing the macroeconomic effects of financial reforms in developing countries and the costs of maintaining official safety nets under the financial system during such reforms. While a financial liberalization yields efficiency gains, adverse macroeconomic effects can arise if... READ MORE...

Publication date: May 1992
ISBN 9781451844962
$15.00

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