Issues In Managing And Sequencing Financial Sector Reforms Lessons From Experiences In Five Developing Countries PDF Download
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 104 |
Release | : 1992-10-01 |
Genre | : Business & Economics |
ISBN | : 1451954662 |
Download Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries Book in PDF, ePub and Kindle
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy, and the adoption of new monetary control procedures early in the reform program; reforms should be sequenced consistently with the broader program of macroeconomic adjustment. The pace of liberalization of interest rates and credit should also take account of the solvency of financial and nonfinancial firms. A minimal system of prudential regulation is an essential element of successful financial sector reform.
Author | : A. Bisat |
Publisher | : |
Total Pages | : |
Release | : 1992 |
Genre | : |
ISBN | : |
Download Issues in Managing and Sequencing Financial Sector Reforms Lessons from Experience in Five Developing Countries Book in PDF, ePub and Kindle
Author | : Alison Harwood |
Publisher | : Brookings Institution Press |
Total Pages | : 209 |
Release | : 2010-12-01 |
Genre | : Business & Economics |
ISBN | : 0815720955 |
Download Sequencing? Book in PDF, ePub and Kindle
The importance of the financial system in economic development has been frequently neglected by analysts and poorly understood by policymakers. Are there policy reforms, or any particular sequence of reform measures, that will contribute to the successful functioning of the financial system and thus spur long-term economic growth? What kind of regulatory changes are appropriate as countries move toward financial liberalization and as government development banks decline in importance compared to private banks and nonbank financial institutions? What broad lessons can be discerned from the experience of financial reform in Asia and Latin America for the transitional countries of Russia and Eastern Europe? The world's financial system has been buffeted in recent years by the crisis in the U.S. savings and loan industry, the implosion of the Japanese "bubble economy" of the late 1980s, the Mexican peso crisis, and other events. The experience of Western nations in adapting to financial liberalization can provide useful insights for the many countries embarking on a course of market reforms and beginning to build the financial infrastructure for a market economy. This volume analyzes the recent financial reforms and reform strategies in Asia, Latin America, Eastern Europe, and Russia. The chapters draw on the extensive practical experience of the authors and reflect the most recent empirical research in the field. The contributors are Gerald Caprio, Jr., Dimitri Vittas, and Ross Levine, the World Bank; David C. Cole and Betty F. Slade, Harvard Institute for International Development; Maxwell J. Fry, University of Birmingham at Edgbaston; Claudio Gonzalez-Vega, Ohio State University; Stephan Haggard, University of California, San Diego; R. Barry Johnston, International Monetary Fund; Philip A. Wellons, Harvard Law School; Lawrence J. White, New York University; and Alison Harwood.
Author | : Vicente Galbis |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 1995-12-01 |
Genre | : Business & Economics |
ISBN | : 1451928254 |
Download Financial Sector Reforms in Eight Countries Book in PDF, ePub and Kindle
This paper examines financial sector reforms in eight developing countries--Argentina, Bulgaria, Ecuador, Egypt, India, Kenya, Tanzania, and Uganda--and derives general lessons from their experience. The paper reviews the initial situation of these countries; describes the financial sector (and related) reforms carried out, including sequencing issues, and points out the unresolved questions; and examines the effects of reforms on monetary control and financial development, investment and growth and the efficiency of financial intermediation. The main recommendations are the need to persevere with macroeconomic stabilization through indirect monetary policy instruments, and the need to substantially strengthen prudential regulation and supervision and restructure and privatize or liquidate ailing financial institutions.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 408 |
Release | : 1999-04-22 |
Genre | : Business & Economics |
ISBN | : 1455221449 |
Download Sequencing Financial Sector Reforms Book in PDF, ePub and Kindle
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Author | : Economic Development Institute (Washington, D.C.) |
Publisher | : World Bank Publications |
Total Pages | : 288 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : |
Download Financial Sector Reforms, Economic Growth, and Stability Book in PDF, ePub and Kindle
These papers provide valuable information for analysis of financial system reforms undertaken over the past decade in many Asian and Latin American countries. The reform policies were designed to restore domestic economic stability and to strengthen an economy's capacity to address favorable and unfavorable external shocks. The specific reform packages vary from country to country, as do the policy responses of individual countries. This diversity of experiences provides lessons from which the countries engaged in reform can benefit and which can be useful as models for countries currently contemplating reform. The papers were presented at a senior policy seminar held in Bali, Indonesia, in February 1993. The Asian countries represented at the seminar were Bangladesh, India, Indonesia, Japan, Malaysia, Pakistan, the Philippines, Thailand and Vietnam; Latin American participants came from Chile, Colombia, Mexico, and Paraguay.
Author | : Carl-Johan Lindgren |
Publisher | : |
Total Pages | : 103 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781557758712 |
Download Financial Sector Crisis and Restructuring Book in PDF, ePub and Kindle
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Author | : Deena R. Khatkhate |
Publisher | : Academic Foundation |
Total Pages | : 394 |
Release | : 2009 |
Genre | : Finance |
ISBN | : 9788171887156 |
Download Money, Finance, Political Economy Book in PDF, ePub and Kindle
With reference to India.
Author | : Mr.Abdelali Jbili |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 1997-07-01 |
Genre | : Business & Economics |
ISBN | : 1451955170 |
Download Financial Sector Reforms in Algeria, Morocco, and Tunisia Book in PDF, ePub and Kindle
This paper reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia. After a description of the financial sector before reforms, it explains the main features of the comprehensive reform process in each country. It also reviews the sequencing of reforms and discusses econometric evidence of the impact of the reforms on saving in each of the three countries. Subsequently, the paper sets out remaining issues to be addressed in the three countries, including a further strengthening of the banking system and development of financial instruments and markets.
Author | : Claudia Echeverria |
Publisher | : International Monetary Fund |
Total Pages | : 116 |
Release | : 1997-11-01 |
Genre | : Business & Economics |
ISBN | : 1451857454 |
Download Sequencing Capital Account Liberalization Book in PDF, ePub and Kindle
This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account liberalization, domestic financial sector reforms, and the design of monetary and exchange rate policy. It concludes that capital account liberalization should be approached as an integrated part of comprehensive reform strategies and should be paced with the implementation of appropriate macroeconomic and exchange rate policies.