{"product_id":"the-order-of-economic-liberalization-financial-control-in-the-transition-to-a-market-economy-the-johns-hopkins-studies-in-development-9780801847431","title":"The Order of Economic Liberalization Financial","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eFinancial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eArgues that balancing the budget, installing a valid tax system, and reforming banking should come before liberalization. Foreign Affairs Invaluable for those wishing to pursue in more detail specific aspects of financial liberalization. Finance and Development\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface\u003cbr\u003eAcknowledgments\u003cbr\u003eIntroduction: The Order of Economic \u003cbr\u003eChapter 1. Liberalization\u003cbr\u003eChapter 2. Financial Repression and the Productivity of Capital: Empirical Findings on Interest Rates and Exchange Rates\u003cbr\u003eChapter 3. High Real Interest Rates: Japan and Taiwan Versus Chile\u003cbr\u003eChapter 4. Instruments of Financial Repression\u003cbr\u003eChapter 5. Inflation Tax, Monetary Control, and Reserve Requirements on Commercial Banks\u003cbr\u003eChapter 6. Macroeconomic Control During Disinflation: Chile Versus South Korea\u003cbr\u003eChapter 7. Macroeconomic Instability and Moral Hazard in Banking\u003cbr\u003eChapter 8. Protectionism in Foreign Trade: Quotas Versus Tariffs\u003cbr\u003eChapter 9. Exchange-Rate Policy in Repressed and Open Economies \u003cbr\u003eChapter 10. The International Capital Market and Economic Liberalization: The Overborrowing Syndrome\u003cbr\u003eChapter 11. Stabilizing the Ruble: Financial Control During the Transition From a Centrally Planned to a Market Economy\u003cbr\u003eChapter 12. Foreign Trade, Protection, and Negative Value-Added in a Liberalizing Socialist Economy\u003cbr\u003eChapter 13. Financial Growth and Macroeconomic Stability in China, 1978–1992: Implications for Russia and Eastern Europe\u003cbr\u003eChapter 14. Gradual Versus Rapid Liberalization in Socialist Foreign Trade: Concluding Notes on Alternative Models\u003cbr\u003eReferences \u003cbr\u003eIndex\u003c\/p\u003e","brand":"Johns Hopkins University Press","offers":[{"title":"Default Title","offer_id":49527610048855,"sku":"9780801847431","price":23.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780801847431.jpg?v=1731868531","url":"https:\/\/bookcurl.com\/products\/the-order-of-economic-liberalization-financial-control-in-the-transition-to-a-market-economy-the-johns-hopkins-studies-in-development-9780801847431","provider":"Book Curl","version":"1.0","type":"link"}