Hidden Bibliographic Details
| Other authors / contributors: | Ostry, Jonathan David, 1962-
Prati, Alessandro, 1961-
Spilimbergo, Antonio.
International Monetary Fund.
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| ISBN: | 1451987161
9781451987164
9781589068186
1589068181
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| Notes: | Includes bibliographical references (pages 48-51).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2017.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2017 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This volume examines the impact on economic performance of structural policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.--Publisher's description.
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| Other form: | Print version: Structural reforms and economic performance in advanced and developing countries. Washington, D.C. : International Monetary Fund, 2009
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