This paper considers the main elements of the standard pattern of ﬁ nancial liberalization that
has become widely prevalent in developing countries. The theoretical arguments in favour of such liberalization are considered and critiqued, and the political economy of such measures is discussed. The problems for developing countries, with respect to ﬁ nancial fragility and the greater propensity to crisis, as well as the negative deﬂ ationary and developmental effects, are discussed.
The Financial Valuation Workbook (FVW) contains both educational exercises that
guide the reader through a complete business valuation and valuation tools that
professionals can use in preparing business valuations. It is structured to be used on
a stand-alone basis. It is also a companion text to Financial Valuation: Applications
and Models (FV) (John Wiley & Sons), where the subject matter contained in the
workbook is expanded upon.
This essay reflects upon the relationship between the current theory of
financial intermediation and real-world practice. Our critical analysis of this
theory leads to several building blocks of a new theory of financial
Current financial intermediation theory builds on the notion that
intermediaries serve to reduce transaction costs and informational
asymmetries. As developments in information technology, deregulation,
deepening of financial markets, etc.
New numbers from the College Board show that federal student loan disbursements—the
total amount borrowed by students and received by schools—in the 2009–2010 academic
years grew about 14% over the previous year to $96.8 billion. At the student
level, class of 2009 college seniors carried an average of $25,000 in students loans
(College Board 2010). The amount of money students borrow has long been on the
rise. With recent economic downfalls, this is even more of a problem than in the past.