Capital Market Liberalization, Economic Growth, and Instability

By Joseph E. Stiglitz. 2000

1,420 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2a268fec0427796fe958211ea786caa4e174d104

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Emerging Markets Finance (2003, background): “2 One possibility is to model investments in international markets as being taxed by the host country, Stulz (1981). A segmented (integrated) country is a country that imposes taxes (no taxes) on incoming and outgoing investments.”
Financial inclusion: Policies and practices (2015, positive): “Although we have theoretical and empirical support for ﬁnancial market liberalisation (McKinnon, 1973; Shaw, 1973), there are concerns about the way in which the reforms have been carried out (Stiglitz, 2000).”
Growth Volatility and Financial Liberalization (2005, background): “Phone: +1 919.660.7768, E-mail: cam.harvey@duke.edu .”
Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets (2011, positive): “Such foresight is not supported by existing theory and evidence that it is foreign investors who generally face information disadvantages vis-à-vis domestic investors (French and Poterba (1991), Kang and Stulz (1997), Dahlquist and Robertsson (2001), and Portes and Rey (2005)).”
Capital account liberalization, free long-term capital flows, financial crises and economic development (2003, positive): “As explained in the Introduction that while finding a 'compelling' case against any general liberalisation of the capital account, Stiglitz (2000) also suggest that there is a 'compelling' case in favour of FDI.”
Financial Stability and Economic Performance (2015, neutral): “These more sceptical authors believe that the link between finance and economic growth is exaggerated (Stiglitz, 2000; Rodrik and Subramanian, 2009).”
Building Inclusive Markets in Rural Bangladesh: How Intermediaries Work Institutional Voids (2012, background): “…vary in focus, but are especially well developed in terms of policy issues such as the distributional impacts of markets (Easterly, 2002; Stiglitz, 2000), cultural effects on endogenous preferences (Bowles, 1998), questions of social empowerment and the exclusion from labor markets…”
Does Higher Economic and Financial Development Lead to Environmental Degradation: Evidence from BRIC Countries (2009, positive): “Yet, one of the banking system development indicators is the capital account liberalization process which usually increases the efficiency level of the financial system by weeding out inefficient financial institutions and creating greater pressure for a reform of the financial infrastructure (Stigl”
Endogenous Strength of Intellectual Property Rights (2008, background): “Stiglitz (2000) highlights how weak institutions contributed to the Asian crisis. protection as a measure of institutional quality.”
Stock market development under globalization : whither the gains from reforms ? (2007, background): “As reviewed by Walker and Lefort (2002), pension reform may foster the development of domestic capital markets through three main channels: by inducing authorities to improve the regulatory framework (accumulating “institutional capital”), increasing specialization in the investment decision-making ”