The recent developments of Argentina, Uruguay and Chile during the seventies, all of which pursued a liberalization of their markets, ended up in deep crashes during the early eighties. Mostly based on these experiences, Diaz-Alejandro has challenged the supposed benefits of full-range financial deregulation, arguing for caution in the liberalization process, with the government playing an important role, especially as regulatory argent. This paper...
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INFORMACIÓN
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1987/02/28
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Documento de trabajo departamental
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CPD8701
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1
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1
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2017/12/02
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Disclosed
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Financial liberalization in Uruguay : success or failure
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financial market
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