{"id":89,"date":"2009-05-29T18:55:24","date_gmt":"2009-05-29T16:55:24","guid":{"rendered":"http:\/\/fromlet.bbsresearch.se\/?p=89"},"modified":"2009-05-29T18:55:24","modified_gmt":"2009-05-29T16:55:24","slug":"can-china-still-learn-from-the-european-financial-model-discussion-paper-presented-at-the-snee-conference-in-molle-may-28-2009","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=89","title":{"rendered":"Can China still Learn from the European Financial Model? – Discussion Paper Presented at the SNEE Conference in M\u00f6lle May 28, 2009"},"content":{"rendered":"

Summary<\/em><\/strong><\/span><\/span><\/span><\/p>\n

<\/span><\/span><\/div>\n

<\/span><\/span><\/span><\/span><\/p>\n

One main result of this paper is obvious: The costs for failures in deregulation policy can be very high. A number of negative European examples confirm this statement. However, marketization \/deregulation are not negative steps per se. On the contrary, an emerging economy can benefit a lot from prudent deregulation, leading to, for example, a better allocation of resources and increased monetary policy efficiency. These developments should be accompanied by further institutional improvements, the important issue of (improved) transparency included. Of course, sequencing is an issue that really should not be underestimated. Gradual but decisive marketization should remain a top priority. In all these respects, Europe as a whole and Euroland can give positive guidelines to China \u2013 but also hints on how mistakes and shortcomings can be avoided.<\/span><\/p>\n

Further conclusions from this paper can be summarized as follows (without ranking), giving a substantial degree of inspiration and ideas from the European financial system – and also warnings.<\/span><\/p>\n

\n