Short-Run Pain, Long-Run Gain: The Effects Of Financial Liberalization
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| Originally published | 2002 |
| Authors | Sergio L. Schmukler |
| Graciela Kaminsky | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2098234 |
About Short-Run Pain, Long-Run Gain: The Effects Of Financial Liberalization
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock market prices. . . .