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