Financial liberalization in developing countries
By: Trevor M. Sikorski.
Publisher: Edward Elgar; Edward Elgar Publishing
Published: 1996
Place of publication: Cheltenham; Brookfield, Vt
Language: eng
Number of pages: 312
Subjects: Monetary policy.; Free enterprise.; Monetary policy -- Pacific Area -- Case studies.
Description: In Financial Liberalization in Developing Countries, Trevor Sikorski challenges conventional financial liberalization theory by using a more complete view of the money creation process in developing countries. This book seeks to develop a theoretical framework for successful analysis of monetary and financial policy in developing countries.

By emphasizing the interrelationships and institutional structures which characterize the monetary transmission mechanism, Dr. Sikorski shows how a policy of full financial liberalization is largely unsustainable in a developing economy. Assuming an endogenous money supply, this analysis is able to take greater account of adjustment costs from financial liberalization.

Case studies are presented for South Korea, Indonesia, Malaysia and the Philippines, in order to assess the experiences of these countries in an endogenous money framework.
Notes: Includes bibliographical references.

AYB-5499