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Regional financial sector report-lessons of financial liberalization in Asia : A comparative study

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  • Regional financial sector report-lessons of financial liberalization in Asia
  • Cho, Yoon-Je; Khatkhate, Deena
  • World Bank


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Title Regional financial sector report-lessons of financial liberalization in Asia
Similar Titles
Sub Title

A comparative study

Material Type Reports
Author(English)

Cho, Yoon-Je; Khatkhate, Deena

Publisher

World Bank

Date 1989
ISBN 0-8213-1209-X
Subject Country Central America(Americas)
South America(Americas)
Asia & Pacific(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding World Bank

Abstract

This paper provides an empirical examination of financial liberalization in five Asian countries: Korea, Malaysia and Sri Lanka, which have been relatively successful, the Philippines, which has not done well, and Indonesia, which has a mixed record. The experiences of these countries are contrasted with those of the Southern Cone countries of Latin America: Chile, Argentina and Uruguay. The paper answers some of the question raised about the nature, content and scope of financial liberalization strategy and policies of developing countries. Pertinent lessons are drawn for those countries which desire to strengthen their liberalization process as well as for those which will undertake similar programs for the first time.