Working Paper
Does Financial Liberalization Influence Saving, Investment and Economic Growth?
This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing...
Working Paper
Financial reforms and income inequality: evidence from developing countries
The current context of the COVID-19 pandemic has exposed the most vulnerable socio-economic groups to greater financial risk and thus could lead to exacerbating income inequality. The crisis creates an opportunity to demand further structural and...
Journal Article
Distributional effects of structural reforms in developing countries
THIS ARTICLE IS ON EARLY VIEW | This study examines the redistributive effects of financial liberalization, including domestic and external finance reforms, implemented in 64 emerging and low-income countries over the past four decades. To identify...
Working Paper
The Impact of Financial Liberalization and the Rise of Financial Rents on Income Inequality
This study attempts to investigate and assess the impact of financial liberalization and the ongoing rise of financial rents on income distribution in the post-1980 Turkish economy. Our quantitative investigation of the dynamics of macroeconomic...
Journal Article
Financial Liberalization and Banking Sector Efficiency in India
The Indian financial sector has undergone a significant structural transformation since the initiation of financial liberalization during 1990’s. It brought significant changes in the financial sector in general and banking in particular. While there...
Working Paper
Financial liberalization and its implications for private savings in sub-Saharan Africa
This paper employs data from 103 developing countries between 1981 and 2012 to examine the determinants of private savings in sub-Saharan Africa (SSA), with a focus on the effect of financial liberalization on private savings. It also analyses why...