The order of economic liberalization : financial control in the transition to a market economy /
McKinnon, Ronald I
The order of economic liberalization : financial control in the transition to a market economy / Ronald I. McKinnon - Baltimore, Md. : Johns Hopkins University Press, 1991 - xii, 200 p. : il. - Johns Hopkins studies in development .
Incluye bibliografía
Preface -- 1. Introduction: the order of economic liberalization -- 2. Financial repression and the productivity of capital: empirical findings on interest rates and exchange rates -- 3. High real interest rates: Japan and Taiwan versus Chile -- 4. Instruments of financial repression -- 5. Inflation tax, monetary control, and reserve requirements on commercial banks -- 6. Macroeconomic control during disinflation: Chile versus South Korea -- 7. Macroeconomic instability and moral hazard in banking -- 8. Protectionism in foreign trade: quotas versus tariffs -- 9. Exchange-rate policy in repressed and open economies -- 10. The international capital market and economic liberalization: the overborrowing syndrome -- 11. Stabilizing the ruble: financial control during the transition from a centrally planned to a market economy -- 12. Foreign trade, protection, and negative value-added in a liberalizing socialist economy -- References -- Index.
0801841704
POLITICA MONETARIA
LIBERALIZACION ECONOMICA
ECONOMIA DE MERCADO
POLITICA ECONOMICA
339.530947
The order of economic liberalization : financial control in the transition to a market economy / Ronald I. McKinnon - Baltimore, Md. : Johns Hopkins University Press, 1991 - xii, 200 p. : il. - Johns Hopkins studies in development .
Incluye bibliografía
Preface -- 1. Introduction: the order of economic liberalization -- 2. Financial repression and the productivity of capital: empirical findings on interest rates and exchange rates -- 3. High real interest rates: Japan and Taiwan versus Chile -- 4. Instruments of financial repression -- 5. Inflation tax, monetary control, and reserve requirements on commercial banks -- 6. Macroeconomic control during disinflation: Chile versus South Korea -- 7. Macroeconomic instability and moral hazard in banking -- 8. Protectionism in foreign trade: quotas versus tariffs -- 9. Exchange-rate policy in repressed and open economies -- 10. The international capital market and economic liberalization: the overborrowing syndrome -- 11. Stabilizing the ruble: financial control during the transition from a centrally planned to a market economy -- 12. Foreign trade, protection, and negative value-added in a liberalizing socialist economy -- References -- Index.
0801841704
POLITICA MONETARIA
LIBERALIZACION ECONOMICA
ECONOMIA DE MERCADO
POLITICA ECONOMICA
339.530947