The order of economic liberalization : financial control in the transition to a market economy /

The order of economic liberalization : financial control in the transition to a market economy /

Bibliographic Details
Main Author: McKinnon, Ronald I
Corporate Author: Johns Hopkins University
Format: Book
Language:English
Published: Baltimore, Md. : Johns Hopkins University Press, 1991
Series:Johns Hopkins studies in development
Subjects:
POLITICA MONETARIA
LIBERALIZACION ECONOMICA
ECONOMIA DE MERCADO
POLITICA ECONOMICA
Table of Contents:
  • Preface
  • 1. Introduction: the order of economic liberalization
  • 2. Financial repression and the productivity of capital: empirical findings on interest rates and exchange rates
  • 3. High real interest rates: Japan and Taiwan versus Chile
  • 4. Instruments of financial repression
  • 5. Inflation tax, monetary control, and reserve requirements on commercial banks
  • 6. Macroeconomic control during disinflation: Chile versus South Korea
  • 7. Macroeconomic instability and moral hazard in banking
  • 8. Protectionism in foreign trade: quotas versus tariffs
  • 9. Exchange-rate policy in repressed and open economies
  • 10. The international capital market and economic liberalization: the overborrowing syndrome
  • 11. Stabilizing the ruble: financial control during the transition from a centrally planned to a market economy
  • 12. Foreign trade, protection, and negative value-added in a liberalizing socialist economy
  • References
  • Index.

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