000			01869caa a22002658i 4500
001			515737261523
003			FR-PaOEC
005			20210419170339.0
006			a o d i
007			cr || |||m|n||
008			171201s1995 ||| o i|0| 0 eng d
035			_a(FR-PaOEC)
040			_aFR-PaOEC
100	1		_aEdey, Malcolm.
245	1	3	_aAn Assessment of Financial Reform in OECD Countries _h[electronic resource] / _cMalcolm Edey and Ketil Hviding
260			_aParis : _bOECD Publishing, _c1995.
300			_a70 p. ; _c21 x 29.7cm.
490	1		_aOECD Economics Department Working Papers, _x18151973 ; _vno.154
520	3		_aThis paper reviews the experience with financial reform in OECD countries. A general overview of the course of deregulation is provided and the economic rationale for financial regulation is discussed. The question of whether financial liberalisation has led to improved welfare is then addressed. It is argued that the benefits of improved allocation of resources and increased efficiency have to be weighed against the possible effects of deregulation on financial stability. While there is no strong evidence of any trend increase in financial volatility in key markets, there have been a number of episodes of instability apparently linked to financial deregulation. However, the analysis of individual crises suggests that inappropriate macroeconomic policies, deficiencies in prudential policies, and microeconomic distortions affecting incentives in the financial sector, were important contributing factors to the financial problems that have been experienced ...
650		4	_aEconomics
700	1		_aHviding, Ketil. _913242
830		0	_aOECD Economics Department Working Papers, _x18151973 ; _vno.154.
856	4	0	_aoecd-ilibrary.org _uhttps://s443-doi-org.br.lsproxy.net/10.1787/515737261523
942			_2ddc _cW-PAPER
999			_c360921 _d319483