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Documents Lecture 7-Financial Liberalization-E(halan)

Lecture 07: Financial Liberalization Development Finance 2008 Effects of Financial Repression (McKinnon & Shaw 1973) Strict control over interest rates, high reserve…

Documents Chapter 3 The McKinnon-Shaw School. Outlines Kapur’s model and its dynamic adjustment...

Slide 1 Chapter 3 The McKinnon-Shaw School Slide 2 Outlines Kapur’s model and its dynamic adjustment Mathieson’s model and its dynamic adjustment Open-Economy Extensions…