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"Based on our study "Financial reform: what shakes it? What shapes it?" (American Economic Review, March 2005) [and] the working paper version (IMF Working Paper no. 03/70, April 2003)"--Page iv.
Financial sector liberalization was high on the agenda of policymakers during the last quarter of the twentieth century. But there were significant differences in the pace and scale of reform. This pamphlet examines the factors triggering-or impeding and even reversing-financial reform in 35 economies, both industrial and developing.
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