Financial liberalization can make your economy more resilient if...

This page in:

A new paper compares changes in financing by international banks to domestic banks after the 1998 Russian debt crisis. The author finds that financing increased to banks with international equity holders when compared with their purely domestic counterparts.

Financial liberalization can make you more resilient to global credit shocks, but only if you invite foreigners rather than just borrow their money.

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000