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Welfare Gains from Financial Liberalization

Welfare Gains from Financial Liberalization »

Source: Welfare Gains from Financial Liberalization

Volume/Issue: 2007/154

Series: IMF Working Papers

Author(s): Kenichi Ueda , and Robert Townsend

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867183

Keywords: financial liberalization, welfare gain, financial deepening, gdp growth, financial system, growth rate,

Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consum...

Welfare Gains from Financial Liberalization

Welfare Gains from Financial Liberalization »

Volume/Issue: 2007/154

Series: IMF Working Papers

Author(s): Kenichi Ueda , and Robert Townsend

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867183.001

ISBN: 9781451867183

Keywords: financial liberalization, welfare gain, financial deepening, gdp growth, financial system, growth rate,

Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consum...