Issues In Managing And Sequencing Financial Sector Reforms Lessons From Experience In Five Developing Countries
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 104 |
Release | : 1992-10-01 |
Genre | : Business & Economics |
ISBN | : 1451954662 |
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 | : Carl-Johan Lindgren |
Publisher | : |
Total Pages | : 103 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781557758712 |
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 | : Business & Economics |
ISBN | : 9788171887156 |
Author | : Mr.Abdelali Jbili |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 1997-07-01 |
Genre | : Business & Economics |
ISBN | : 1451955170 |
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 |
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.
Author | : Álvaro Almeida |
Publisher | : Routledge |
Total Pages | : 186 |
Release | : 1996-05-30 |
Genre | : Business & Economics |
ISBN | : 1134759754 |
This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book contains original financial information from Africa, Asia, the Middle East, Europe, Latin America and the Caribbean. The lay-out is user-friendly and generously illustrated with tables, figures, boxed material and useful appendices. The book is published in association with the Bank of England and presents the definitive account of the role of central banks in developing countries.
Author | : Ms.Sharmini Coorey |
Publisher | : International Monetary Fund |
Total Pages | : 130 |
Release | : 1996-08-13 |
Genre | : Business & Economics |
ISBN | : 9781557755599 |
This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.
Author | : Robert F. Emery |
Publisher | : Routledge |
Total Pages | : 357 |
Release | : 2017-07-12 |
Genre | : Social Science |
ISBN | : 1351760076 |
This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997. Though problems arising before November 1997 indicate that Korea's economic problems were not solely financial. This study covers earlier reform efforts, the 1997 crisis and the measures taken by Korea since then to deal with the country's economic problems. It attempts to analyze the problems and offer suggestions as to how problems might corrected or resolved.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 146 |
Release | : 1998-06-04 |
Genre | : Business & Economics |
ISBN | : 1451824416 |
This Selected Issues paper and Statistical Appendix highlights that the real GDP growth in Latvia accelerated in the second half of 1997, and is estimated at 6 percent for the year. Growth was broad-based, with particularly strong performance in the services sector and construction, and has been led by increased investment, with real capital formation rising by an estimated 10 percent, and enhanced efficiency. Reflecting the strong economic growth, official unemployment has begun to decline, falling from 71⁄2 percent in mid-year to 6.7 percent at end-January 1998.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 412 |
Release | : 1991-03-15 |
Genre | : Business & Economics |
ISBN | : 9781557757791 |
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.