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oapen-20.500.12657-441152023-02-01T08:51:03Z Liberalization, Financial Instability and Economic Development Akyüz, Yılmaz Business & Economics Development Economic Development bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates. 2020-12-15T14:25:33Z 2020-12-15T14:25:33Z 2014 book 9781783082407 https://library.oapen.org/handle/20.500.12657/44115 eng application/pdf n/a external_content.pdf Anthem Press Anthem Press 104212 78b9942e-c650-46e0-882a-0ab8cddd7fe9 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9781783082407 Knowledge Unlatched (KU) Anthem Press Knowledge Unlatched open access
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Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
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