Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles

Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles

The views on financial liberalization are quite conflictive. Many argue that it triggers financial bubbles and crises. Others claim that financial liberalization allows markets to function properly and capital to move to its most profitable destination. The empirical evidence on these effects is not...

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Bibliographic Details
Main Authors: Kaminsky, Graciela Laura, Schmukler, Sergio L.
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Business Fluctuations
Cycles E320
Current Account Adjustment
Short-term Capital Movements F320
Information and Market Efficiency
Event Studies G140
Economic Development: Financial Markets
Saving and Capital Investment
Corporate Finance and Governance O160
Online Access:http://hdl.handle.net/10986/5893

Internet

http://hdl.handle.net/10986/5893

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