Thesiss

11 works - Thesiss.

"11" Result

Financial liberalization is one of the main reform strategies of developing economies during the globalization process. Development of the more sophisticated financial sectors by the contribution of foreign banks and investors is expected to lead to a sustainable economic growth…

Recent financial crises in developing countries have exhibited sharp falls in capital flows, i.e. sudden stops and accompanying large output drops. Several models have tried to connect these two facts quantitatively. Since sudden stops cannot generate large output drops quantita…