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Introduction

In: Banking Reform in India and China

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  • Lawrence Sáez

Abstract

In an era of growing capital mobility and the liberalization of capital markets, the goal of financial liberalization was among the most pressing issues for policymakers in the 1990s. The expansion, diversification, and modernization of financial services have emphasized greater participation in the global economy. At the same time, financial liberalization has presented new challenges. Although lower barriers to entry have attracted transnational capital flows, they have also introduced a new degree of uncertainty and volatility in the domestic economies of emerging markets.

Suggested Citation

  • Lawrence Sáez, 2004. "Introduction," Palgrave Macmillan Books, in: Banking Reform in India and China, chapter 0, pages 1-14, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-8125-7_1
    DOI: 10.1057/9781403981257_1
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