The order of economic liberalization : financial control in the transition to a market economy / Ronald I. McKinnon.

By:

McKinnon, Ronald I

Material type: Text

TextSeries: Johns Hopkins studies in developmentPublication details: Baltimore : Johns Hopkins University Press, c1993.Edition: 2nd edDescription: xii, 242 p. : ill. ; 24 cmISBN:

0801847427

Subject(s):

DDC classification:

332.4947 MCK

Online resources:

Contents:

Introduction : the order of economic liberalization Financial repression and the productivity of capital : empirical findings on interest rates and exchange rates High real interest rates : Japan and Taiwan versus Chile Instruments of financial repression Inflation tax, monetary control, and reserve Requirements on commercial banks Macroeconomic control during disinflation : Chile versus South Korea Macroeconomic instability and moral hazard in banking Protectionism in foreign trade : quotas versus tariffs Exchange-rate policy in repressed and open economies The international capital market and economic liberalization : the overborrowing syndrome Stabilizing the ruble : financial control during the transition from a centrally planned to a market economy Foreign trade, protection, and negative value-added in a liberalizing socialist economy Financial growth and macroeconomic stability in China, 1978-1992 : implications for Russia and Eastern Europe Gradual versus rapid liberalization in socialist foreign trade : concluding notes on alternative models

Summary: Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

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Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode	Item holds
Book	Mzumbe University Main Campus Library	332.4947 MCK (Browse shelf(Opens below))	1	Available		0044111

Total holds: 0

Includes bibliographical references and index.

Introduction : the order of economic liberalization
Financial repression and the productivity of capital : empirical findings on interest rates and exchange rates
High real interest rates : Japan and Taiwan versus Chile
Instruments of financial repression
Inflation tax, monetary control, and reserve
Requirements on commercial banks
Macroeconomic control during disinflation : Chile versus South Korea
Macroeconomic instability and moral hazard in banking
Protectionism in foreign trade : quotas versus tariffs
Exchange-rate policy in repressed and open economies
The international capital market and economic liberalization : the overborrowing syndrome
Stabilizing the ruble : financial control during the transition from a centrally planned to a market economy
Foreign trade, protection, and negative value-added in a liberalizing socialist economy
Financial growth and macroeconomic stability in China, 1978-1992 : implications for Russia and Eastern Europe
Gradual versus rapid liberalization in socialist foreign trade : concluding notes on alternative models

Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

eng.

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