Welfare gains from financial liberalization

Financial liberalization has been a controversial issue, as empirical evidence for growth enhancing effects is mixed. Here, we find sizable welfare gains from liberalization (cost to repression), though the gain in economic growth is ambiguous. We take the view that financial liberalization is a...

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Bibliographic Details
Main Authors: Townsend, Robert, Ueda, Kenichi
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: John Wiley & Sons, Inc. 2011
Online Access:http://hdl.handle.net/1721.1/61722
https://orcid.org/0000-0002-1528-8102