Financial liberalization and intervention : a new analysis of credit rationing This book seeks to provide a coherent explanation as to why the policies of financial liberalization and financial intervention have been unable to achieve the goal of improving the access of borrowers to the loan market irrespective of size. This is one of the prime criteria for achieving efficiency in the operation of the loan market and its failure has resulted in increased uncertainty and financial fragility 1. General introduction 2. A critical review of the literature on credit rationing 3. The theory of credit rationing revisited 4. Financial liberalization 5. Intervention I : the South Korean experience 6. Intervention II : the Indian experience 7. Concluding remarks.