One of the most controversial aspects of financial markets is capital market Liberalization of course not so liberalization under the rules of governmental severities.
Based on Financial Theories there are a number of reasons , that capital flows openness should lead to increases in economic growth. On the other hand most economists believe that the cost of openness outweigh the benefits , such conventional wisdom not withstanding empirical evidence of liberalization . A causal relation ship between capital market policy to economic growth turns out to be ambiguous at best . and in future , it should rely more on evidence and less on ideology
Tehrani, R. & Ezazi, M. (2010). The effect of Capital Market Liberalization on Economic Growth in Developing Countries. (e20962). Financial Research Journal, 11(28), e20962
MLA
Tehrani, R., & Ezazi, M. "The effect of Capital Market Liberalization on Economic Growth in Developing Countries" .e20962 , Financial Research Journal, 11, 28, 2010, e20962.
HARVARD
Tehrani, R., & Ezazi, M. (2010). 'The effect of Capital Market Liberalization on Economic Growth in Developing Countries', Financial Research Journal, 11(28), e20962.
CHICAGO
Tehrani, R. & Ezazi, M., "The effect of Capital Market Liberalization on Economic Growth in Developing Countries." Financial Research Journal, 11 28 (2010): e20962,
VANCOUVER
Tehrani R., Ezazi M. The effect of Capital Market Liberalization on Economic Growth in Developing Countries. FRJ. 2010;11(28):e20962 (In Persian).
