The Link Between Financial Liberalization and Financial Crisis: A Case Study of Trinidad and Tobago

Doctoral Dissertation


This dissertation examines the relationship between financial liberalization and financial crises and its impact on small open developing countries using Trinidad and Tobago (TT) and the fall of the CL Financial conglomerate as the case study. I engage the institutional and post-Keynesian theories to analyse the circumstances that led to the CL Financial crisis. I argue that financial liberalization leads to financial crisis and I show that the liberalization of TT’s financial system allowed CLF to engage in financial practices which were responsible for CLF’s difficulties which initiated a financial crisis.


Attribute NameValues
  • etd-07292010-232324

Author Lavaughn A Pritchard
Advisor Martin H. Wolfson
Contributor Martin H. Wolfson, Committee Chair
Contributor Frank Bonello, Committee Member
Contributor David Ruccio, Committee Member
Contributor Kwan Kim, Committee Member
Degree Level Doctoral Dissertation
Degree Discipline Economics
Degree Name PhD
Defense Date
  • 2010-06-30

Submission Date 2010-07-29
  • United States of America

  • The CL Financial Debacle

  • University of Notre Dame

  • English

Record Visibility Public
Content License
  • All rights reserved

Departments and Units


Please Note: You may encounter a delay before a download begins. Large or infrequently accessed files can take several minutes to retrieve from our archival storage system.