OECD Economics Department Working Papers

Macroeconomic Consequences of Financial Liberalisation: A Summary Report

DOI:https://doi.org/10.1787/088742707378

This paper brings together a number of interrelated issues concerning the implications of financial liberalisation for macroeconomic outcomes. Deregulation has tended to reduce the importance of liquidity constraints within and between countries, while at the same time giving markets a much...



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