Short-Run Pain, Long-Run Gain : The Effects of Financial Liberalization

The Effects of Financial Liberalization

Short-Run Pain, Long-Run Gain : The Effects of Financial Liberalization
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock market prices. Our results indicate that financial... READ MORE...

Publication date: February 2003
ISBN 9781451845280
$15.00

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