Macroeconomic Consequences of Financial Liberalisation [electronic resource]: A Summary Report / Adrian Blundell-Wignall and Frank Browne

By:

Blundell-Wignall, Adrian

Contributor(s):

Browne, Frank

Material type: Article

ArticleSeries: OECD Economics Department Working Papers ; no.98.Publication details: Paris : OECD Publishing, 1991.Description: 66 p. ; 21 x 29.7cmSubject(s):

Economics

Online resources:

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Abstract: 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 greater role in utilising available information to achieve efficient outcomes. This has had implications for private spending behaviour and the transmission channels of monetary policy; for the volatility of financial prices; for the price and credit risks which arise; and for the integration of international financial markets and the process of external adjustment ...

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección OECD	OECD 088742707378 (Browse shelf(Opens below))	Not For Loan

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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 greater role in utilising available information to achieve efficient outcomes. This has had implications for private spending behaviour and the transmission channels of monetary policy; for the volatility of financial prices; for the price and credit risks which arise; and for the integration of international financial markets and the process of external adjustment ...

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