Describe the Financial Development and Liberalization in UK (Research Paper Sample)

FINANCIAL DEVELOPMENT AND FINANCIAL LIBERALIZATION IN UK
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Financial Development and Financial Liberalization in UK
Financial analysts strongly believe that financial liberalization and financial development enhance the economy of a country. Financial liberalization relates to the ease of access to international capital. In order to determine financial liberalization and financial development in a country, measures considered include reserve requirements and credit controls, interest rate controls, state ownership in the banking sector, entry barriers, securities market policy, prudential regulation and supervision of the banking sector, and capital account restrictions (Kwok & Tadesse, 2006, 230). This paper discusses the process of financial development and financial liberalization in UK over the last few decades. The trend in the...