01638nam a2200265Ia 4500 TVU_12113 210423s9999 xx 000 0 und d 0199230587 9780199230587 eng 332.0415 J434 Ocampo, José Antonio Capital market liberalization and development Josè Antonio Ocampo, Joseph E. Stiglitz Oxford,New York Oxford University Press 2008 xii, 375 p. ill. 24 cm Critical policy debates also remain, such as how much government should intervene and what tools are available. Although capital market liberalization might not produce the promised benefits, many economists and policymakers still worry about the costs of intervention. Do these costs exceed the benefits? What are the best kinds of interventions, under what circumstances? To answer these questions, we have to understand why capital market liberalization has failed to enhance growth, why it has resulted in greater instability, why the poor appear to have borne the greatest burden, and why the advocates of capital market liberalization were so wrong. Bringing together some of the leading researchers and practitioners in the field, this volume provides an analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management Capital market Josè Antonio Ocampo; Joseph E. Stiglitz Trung tâm Học liệu Trường Đại học Trà Vinh