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. Financial Research Journal, 11(28), -.
MLA
Reza Tehrani; Mohammad Ezazi. "The effect of Capital Market Liberalization on Economic Growth in Developing Countries", Financial Research Journal, 11, 28, 2010, -.
HARVARD
Tehrani, R., Ezazi, M. (2010). 'The effect of Capital Market Liberalization on Economic Growth in Developing Countries', Financial Research Journal, 11(28), pp. -.
VANCOUVER
Tehrani, R., Ezazi, M. The effect of Capital Market Liberalization on Economic Growth in Developing Countries. Financial Research Journal, 2010; 11(28): -.
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