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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP985 |
DP985 Asymmetric Information, Agency Costs and Innovative Entry | |
David Audretsch | |
发表日期 | 1994-07-31 |
出版年 | 1994 |
语种 | 英语 |
摘要 | While the Israeli stabilization of 1985 has received significant attention in previous work, much less is known about the process of financial opening and liberalization which began shortly afterwards. In contrast to the disinflation policy of 1985, the process of financial liberalization that started in 1987 proceeded in a slow and gradual mode. No official announcement was made about either the precise policy measures or the timetable for the process. As a result of these and other political economy factors, the process has not been completed and there are no strong incentives for policy-makers to further deepen the reforms at the present time. This paper discusses the main elements of financial liberalization in Israel and draws implications that could be relevant for financial opening policies in other countries. |
主题 | International Macroeconomics |
关键词 | Financial opening Financial reforms Gradualism Liberalization |
URL | https://cepr.org/publications/dp985 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530128 |
推荐引用方式 GB/T 7714 | David Audretsch. DP985 Asymmetric Information, Agency Costs and Innovative Entry. 1994. |
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