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- W157321489 abstract "Development economists have long argued that the evolution of financial markets is an important dimension of growth. A corollary view is that financial repression in many less developed countries (LDCs) is a serious obstacle to progress. But, unfortunately, many countries have had disappointing experiences with liberalization. Freeing up financial markets at times has appeared to produce chaos rather than growth, forcing many countries to retreat from deregulation. With economic stagnation seeming to persist in many developing and transitional economies, policymakers face a dilemma: Should they cling to repressed financial markets or, instead, should they try the road to reform – in some cases, once again?" @default.
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- W157321489 date "1995-01-27" @default.
- W157321489 modified "2023-09-23" @default.
- W157321489 title "Finance, public policy, and growth" @default.
- W157321489 doi "https://doi.org/10.1017/cbo9780511571879.004" @default.
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