Corpus ID: 153171791

Financial Institutions' Expertise and Growth Effects of Financial Liberalisation

@inproceedings{Deidda2001FinancialIE,
  title={Financial Institutions' Expertise and Growth Effects of Financial Liberalisation},
  author={Luca G. Deidda},
  year={2001}
}
  • Luca G. Deidda
  • Published 2001
  • Economics
  • This paper analyses the real effects of financial development subsequent to financial liberalisation in an economy with risk averse savers and learning by lending. Transition from full financial repression to full financial liberalisation might initially slow down the growth process or even induce a recession, whenever the initial level of valuable investments known by the financial instutions (informed capital ) is suficiently scanty. However, lending activity leads to accumulation of… CONTINUE READING

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