Financial liberalisation, asymmetric information and inflation :

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Financial liberalisation, asymmetric information and inflation : "
Fernández, Raúl Alberto

Document Type	:	Latin Dissertation
Record Number	:	1098697
Doc. No	:	TLets550718
Main Entry	:	Fernández, Raúl Alberto
Title & Author	:	Financial liberalisation, asymmetric information and inflation :\ Fernández, Raúl Alberto
College	:	London School of Economics and Political Science (LSE)
Date	:	2011
student score	:	2011
Degree	:	Ph.D.
Abstract	:	In the belief that the disappointing rate of growth of Argentina since the 1930s was the consequence of excessive government meddling in the economy, in the mid-1970s the military government took the decision to attempt a radical change in the development strategy: the model of industrialisation based on import substitution was replaced by one based on the conviction that faster economic growth would result if market forces were given free rein, with the State taking a back seat. The de-regulation of the repressed financial system and the opening up of the economy to the world capital markets following the neo-classical principles in vogue at that time was the cornerstone of the new model of accumulation. It was believed that this would lead to higher rates of savings and investment coupled with a more efficient allocation of resources. This study uses the new information economics approach to explain why this experiment culminated in a dramatic financial collapse and generated a severe economic downturn with long-term consequences for the country.
Subject	:	F1201 Latin America (General)
	:	HG Finance
Added Entry	:	London School of Economics and Political Science (LSE)