FINANCIALSECTORREFORM-GSOM.pptVIP

LECTURE 1.2 FINANCIAL DEVELOPMENT C S LEONARD UNIVERSITY OF OXFORD;Outline;SETTING THE ISSUES;Role of Government in the Economy;Crises ;Financial Repression;*;Number of expropriations of foreign assets in different countries: development leading to new globalization;Number of countries expropriating foreign assets;Controls on capital flows;Measuring Financial Repression;SETTING THE HISTORICAL CONTEXT;Financial Development, 1970s-2000s;More clearly..;Tokyo Round;Era of debt 1980s;1990s;WHAT ARE THE CONTROVERSIES?;Arguments against;Arguments for Liberalization;MEASUREMENT, WHO LIBERALIZES?;Metho