Publication type: | Article in scientific journal |
Type of review: | Peer review (publication) |
Title: | If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies |
Authors: | Hartwell, Christopher A. |
et. al: | No |
DOI: | 10.1080/1540496X.2016.1180284 |
Published in: | Emerging Markets Finance and Trade |
Volume(Issue): | 53 |
Issue: | 2 |
Page(s): | 250 |
Pages to: | 275 |
Issue Date: | 2016 |
Publisher / Ed. Institution: | Taylor & Francis |
ISSN: | 1540-496X 1558-0938 |
Language: | English |
Subjects: | Banking crisis; Financial liberalization; Institution; Nonlinearity |
Subject (DDC): | 332: Financial economics |
Abstract: | Did increasing the level and pace of financial liberalization during transition expose countries to crises? And if a crisis did strike, did liberalization do more harm or good? Using a database of 28 transition economies over 22 years, this article examines these questions across a host of economic outcomes, including savings and the size of the private sector. The results provide evidence that, while liberalization may initially increase the probability of a crisis, the prospect of a crisis drops dramatically at higher levels of financial openness. Moreover, the benefits of liberalization across several metrics outweigh the risks of these intermediate stages. |
URI: | https://digitalcollection.zhaw.ch/handle/11475/22672 |
Fulltext version: | Published version |
License (according to publishing contract): | Licence according to publishing contract |
Departement: | School of Management and Law |
Organisational Unit: | International Management Institute (IMI) |
Appears in collections: | Publikationen School of Management and Law |
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Hartwell, C. A. (2016). If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies. Emerging Markets Finance and Trade, 53(2), 250–275. https://doi.org/10.1080/1540496X.2016.1180284
Hartwell, C.A. (2016) ‘If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies’, Emerging Markets Finance and Trade, 53(2), pp. 250–275. Available at: https://doi.org/10.1080/1540496X.2016.1180284.
C. A. Hartwell, “If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies,” Emerging Markets Finance and Trade, vol. 53, no. 2, pp. 250–275, 2016, doi: 10.1080/1540496X.2016.1180284.
HARTWELL, Christopher A., 2016. If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies. Emerging Markets Finance and Trade. 2016. Bd. 53, Nr. 2, S. 250–275. DOI 10.1080/1540496X.2016.1180284
Hartwell, Christopher A. 2016. “If You’re Going through Hell, Keep Going : Nonlinear Effects of Financial Liberalization in Transition Economies.” Emerging Markets Finance and Trade 53 (2): 250–75. https://doi.org/10.1080/1540496X.2016.1180284.
Hartwell, Christopher A. “If You’re Going through Hell, Keep Going : Nonlinear Effects of Financial Liberalization in Transition Economies.” Emerging Markets Finance and Trade, vol. 53, no. 2, 2016, pp. 250–75, https://doi.org/10.1080/1540496X.2016.1180284.
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