For two decades thinking on economic policy has been dominated by
the idea of economic liberalization in general and financial
deregulation in particular. This field has become both extensive
and controversial, yet there is no single book which treats
financial deregulation in a complete and coherent manner.
This book rectifies the shortfall by focusing specifically on the
consequences of interest rate deregulation for the real sectors of
the economy. Using both analytical and simulation models the
behaviour of consumers, firms, banks, informal credit markets and
governments is examined with a view to providing guidance on a
number of controversial issues.
General
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