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THE EFFICACY OF FINANCIAL LIBERALIZATION IN IVORY COAST

THE EFFICACY OF FINANCIAL LIBERALIZATION IN IVORY COAST This paper examines the role of financial liberalization policies in the Ivory Coast. The study incorporates both the interest rate liberalization and capital account liberalization. The paper finds that financial liberalization policies have had positive effects in the Ivory Coast. This supports the numerous past studies, which have all reported positive results regarding the effects of financial liberalization policies. However, as in many other countries, the financial liberalization policy in the Ivory Coast has brought with it a number of interrelated problems, which need to be addressed by the government. These include, amongst others, a drastic increase in imports and reduction of credits to the productive sectors of the economy. The paper, however, concludes that financial liberalization polices have mainly had positive effects on the Ivorian economy. JEL Classification: D53, E44, F36, G15 Keywords: economic growth, financial liberalization, ECOWAS, interest rate liberalization, financial deepening, capital account liberalization, Ivory Coast http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

THE EFFICACY OF FINANCIAL LIBERALIZATION IN IVORY COAST

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

This paper examines the role of financial liberalization policies in the Ivory Coast. The study incorporates both the interest rate liberalization and capital account liberalization. The paper finds that financial liberalization policies have had positive effects in the Ivory Coast. This supports the numerous past studies, which have all reported positive results regarding the effects of financial liberalization policies. However, as in many other countries, the financial liberalization policy in the Ivory Coast has brought with it a number of interrelated problems, which need to be addressed by the government. These include, amongst others, a drastic increase in imports and reduction of credits to the productive sectors of the economy. The paper, however, concludes that financial liberalization polices have mainly had positive effects on the Ivorian economy. JEL Classification: D53, E44, F36, G15 Keywords: economic growth, financial liberalization, ECOWAS, interest rate liberalization, financial deepening, capital account liberalization, Ivory Coast

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2014

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