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Beskrivelse
In a series of 12 essays, the author outlines the progression necessary for successful financial liberalization and offers an elaboration of his previous work on the liberalization of monetary policy in less developed countries. New to this edition are chapters contrasting two models of foreign trade liberalization: the Chilean model (also followed in Eastern Europe) and the more gradual Chinese model. McKinnon also takes into account the changes in Eastern Europe, including the dissolution of Yugoslavia.
