%0 Journal Article
%T BANKING DEREGULATION AND FINANCIAL STABILITY IN EMERGING MARKET ECONOMIES
%A Adnen CHOCKRI
%A Zied AKROUT
%J Review of Economic and Business Studies (REBS)
%D 2011
%I Alexandru Ioan Cuza University of Iasi
%X Since the 80¡¯s, an increasing number of emergent countries have begun in the process of banking deregulation. This policy of liberalization of the financial systems was stimulated by the increase of the national debts and the inconsistency of the restrictions with the new economic and financial world. However, these last decades were marked by great financial crises which became world extensive. From there arose the question whether the process of deregulation, started by the developed countries since the sixties and accentuated in the eighties by the emergent and developing countries, contributed to the recent crises. Several theoretical and empirical studies investigated this question to show that these crises concern various fields: macroeconomic imbalances, structural weakness of the financial systems, instability of international flows of capital, etc.
%U deregulation - financial stability - financial crises