Economic Policy | Economics | Economic Theory | Finance and Financial Management
Financial liberalization, or financial reform, in the most general sense, refers to the transition away from a financial system characterized by state intervention and ownership and toward a more market-oriented system. Not only does financial liberalization need to be considered in discrete historical phases that differ by region and level of development, it also can and should be understood as it applies to the domestic and international spheres.
© 2009 Princeton University Press
Neiman Auerbach, Nancy.“Financial Liberalization,” Princeton Encyclopedia of the World Economy, Princeton University Press, 2009.