Research Catalog

Title

An Assessment of Financial Reform in OECD Countries [electronic resource] / Malcolm Edey and Ketil Hviding

Author

Edey, Malcolm.

Publication

Paris : OECD Publishing, 1995.

Details

Additional Authors

Hviding, Ketil.

Description

71 p.; 21 x 29.7cm.

Summary

This paper reviews the experience with financial reform in OECD countries. A general overview of the course of deregulation is provided and the economic rationale for financial regulation is discussed. The question of whether financial liberalisation has led to improved welfare is then addressed. It is argued that the benefits of improved allocation of resources and increased efficiency have to be weighed against the possible effects of deregulation on financial stability. While there is no strong evidence of any trend increase in financial volatility in key markets, there have been a number of episodes of instability apparently linked to financial deregulation. However, the analysis of individual crises suggests that inappropriate macroeconomic policies, deficiencies in prudential policies, and microeconomic distortions affecting incentives in the financial sector, were important contributing factors to the financial problems that have been experienced ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.154

Uniform Title

OECD Economics Department Working Papers, no.154.

Subject

Economics

LCCN

10.1787/515737261523

OCLC

oecd-lib-004847

Author

Edey, Malcolm.

Title

An Assessment of Financial Reform in OECD Countries [electronic resource] / Malcolm Edey and Ketil Hviding

Imprint

Paris : OECD Publishing, 1995.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.154

OECD Economics Department Working Papers, 1815-1973 ; no.154.

Connect to:

http://dx.doi.org/10.1787/515737261523

Indexed Term

Economics

Added Author

Hviding, Ketil.

Other Standard Identifier

10.1787/515737261523 doi