Financial liberalization and financial fragility
Banks&Banking Reform,Financial Crisis Management&Restructuring,Insurance&Risk Mitigation,Payment Systems&Infrastructure,Insurance Law,Financial Economics,Financial Intermediation,Banks&Banking Reform,Financial Crisis Management&Restructuring,Insurance&Risk Mitigation
The authors study the empirical relationship between banking crises and financial liberalization using a panel of data for 53 countries for 1980-95. They find that banking crises are more likely to occur in liberalized financial systems. But financial liberalization's i...