Financial market liberalization refers to various measures designed to reduce the extent of government control. Such measures could include the deregulation of the financial market and liberalization of capital accounts. Specific activities include reducing controls on interest rates, amending requirements for participating in the stock market, allowing freer exchange of currency, and a broadening of the allowed types of financial instruments to fund various business activities. Financial market liberalization is beneficial to the economy because it leads to more efficient financial markets, thus promoting lending activities and growth.