Real Effects of the 1992 Financial Deregulation
1991 (English)Report (Other academic)
This paper analyzes the short-run and steady state real effects of financial deregulation in an open economy which trades in commodities and securities. The emphasis is placed on what role these measures play in the physical capital accumulation, portfolio equilibrium, the economy's external indebtedness and in the transition from less than full employment to full employment. On this basis, an assessment is made of the potential effects of the 1992 liberalization of financial services for five European countries and concludes that the strong claims for beneficial effects of financial deregulation are supported by the results.
Place, publisher, year, edition, pages
Stockholm: IIES , 1991. , 36 p.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 500
asset accumulation, interest rate, physical capital accumulation, portfolio balance
IdentifiersURN: urn:nbn:se:su:diva-41810OAI: oai:DiVA.org:su-41810DiVA: diva2:337805
Published in connection with a visit at the IIES.2010-08-092010-08-092010-08-09