Database of publications / Welfare Gains from Financial Liberalization

This document is the publication of the IMF that elaborates the welfare gains from financial liberalization. Authors estimate the gains by comparing model simulations under the historical episode of financial liberalization to those under a hypothetical continuation of financial repression. Prepared by Townsend, R. and Ueda, K. Published by the IMF

http://www.imf.org/extern…bs/ft/wp/2007/wp07154.pdf