States, banks, and markets
Subtitle: Mexico's path to financial liberalization in comparative perspective
By: Nancy Neiman Auerbach.
Series: The political economy of global interdependence; The political economy of global interdependence; Political economy of global interdependence
Publisher: Westview Press
Published: 2001
Place of publication: Boulder, Colo
Language: eng
Number of pages: 185
Subjects: Finance -- Mexico; Finance -- Government policy -- Mexico; Finance -- Korea (South)
Description: "In States, Banks, and Markets, Nancy Neiman Auerbach approaches financial policymaking as a strategic interaction between two sets of domestic actors: private financiers and state officials.

Through a comparative lens, Auerbach explains why the transition to financial liberalization was accompanied by economic crisis and declining growth rates in countries such as Mexico, while the same policy was associated with higher growth rates and a relatively more equitable distribution of income in other countries such as South Korea and Hong Kong. Auerbach demonstrates how it is not financial liberalization itself but the timing and duration of the liberalization process that differentiates the performance of newly industrializing countries.

She also takes the analysis a step further by explaining the economic and political preconditions that put a country in the position to choose a reasonable reform path."--BOOK JACKET.
Notes: Includes bibliographical references (p. 167-179) and index.