Market Liberation vs Financial Liberation. Are they the same thing?
Market Liberation: firm privatization and bank reform.
They are similar but different. In other words, the presence of one does not mean the presence of the other.
Liberalization is a slow process and integration is difficult to measure. For example, a country can be accessible through an ADR (partial integration) before it even begins the liberalization process.
Process vs end result…other threads on this
Sorry, my question is:
Market Liberation vs Financial Liberation. Are they the same thing?
what’s the relationship between market intergration with market liberation, for emerging market, does liberation increase correleation of return with developed country or integration increase correlation?