Boom-Bust Cycles and Financial Liberalization

by Aaron Tornell and Frank Westermann

Book Overview

Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth.

The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the...

• Format: Paperback
• Language: English
• ISBN: 0262526247
• ISBN13: 9780262526241
• Release Date: October 2005
• Publisher: MIT Press
• Length: 168 Pages
• Weight: 0.67 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher