Financial Sector Reforms and Interest Rate Liberalization
Author : Rose Ngugi
Publisher :
Page : 64 pages
File Size : 36,1 MB
Release : 1998
Category : Business & Economics
ISBN :
Sequencing Financial Sector Reforms
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 412 pages
File Size : 24,67 MB
Release : 1991-03-15
Category : Business & Economics
ISBN : 9781557757791
Book Description
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.
Financial Sector Reforms, Economic Growth, and Stability
Author : Shakil Faruqi
Publisher : World Bank Publications
Page : 288 pages
File Size : 44,27 MB
Release : 1994-01-01
Category : Business & Economics
ISBN : 9780821330135
Book Description
"Compares financial sector reforms and their impact on economic growth and stability in selected countries of Latin America and Asia. Articles range from the quite specific (e.g., securities regulation in Thailand), to more general"--Handbook of Latin American Studies, v. 57.
Interest Rate Liberalization and Money Market Development
Author : Mr.Bernard Laurens
Publisher : International Monetary Fund
Page : 180 pages
File Size : 43,33 MB
Release : 1996-12-30
Category : Business & Economics
ISBN : 9781557755636
Book Description
This book by Hassanali Mehran, Bernard Laurens, and Marc Quintyn brings together the papers presented at a seminar held in Beijing, China, in August 1995 and sponsored jointly by the IMF's Monetary and Exchange Affairs Department and the Poeple's Bank of China. The papers were written by central bankers from China, Italy, Korea, Malaysia, Thailand, and Turkey. The Chinese authorities were specifically interested in learning more about the Italian and Turkish models of interbank markets and in the experiences of neighboring Asian countries with interest rate liberalization. The U.S. experience was also presented, and the introduction to the book draws policy lessons from the experiences presented at the seminar.
China’s Monetary Policy and Interest Rate Liberalization
Author : Wei Liao
Publisher : International Monetary Fund
Page : 24 pages
File Size : 26,61 MB
Release : 2014-05-01
Category : Business & Economics
ISBN : 1484366298
Book Description
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant financial innovation (so-called shadow banking) and more liberalized interest rates. The analysis of international experience suggests that rapid development of the financial system often leads to structural shifts in the MDF. For example, financial innovation and liberalization alter the sensitivity of money balances to income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and interest rates that existed between 2002 and 2008 disappears after 2008. This coincides with the period of rapid financial innovation, especially the growth in off-balance sheet and nonbank financial intermediation. The results suggest that usefulness of M2 as an intermediate monetary target has declined with financial innovation and reform. A result that underscores the importance of moving toward increased reliance on more price-based targets such as interest rates.
Interest Rate Liberalization
Author : Mr.Bart Turtelboom
Publisher : International Monetary Fund
Page : 46 pages
File Size : 41,49 MB
Release : 1991-12-01
Category : Business & Economics
ISBN : 1451939183
Book Description
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
A New Database of Financial Reforms
Author : Abdul Abiad
Publisher : International Monetary Fund
Page : 30 pages
File Size : 34,3 MB
Release : 2008-12
Category : Business & Economics
ISBN :
Book Description
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.
Financial Sector Reforms in Asian and Latin American Countries
Author : Gerard Caprio
Publisher : Washington, D.C. : World Bank
Page : 284 pages
File Size : 29,66 MB
Release : 1993
Category : Business & Economics
ISBN :
Book Description
This report summarizes the papers and associated discussion presented at the Senior Policy Seminar held in Santiago, Chile between 25th and 28th of May, 1992. The seminar involved ministers, central bank governors and senior officials from several Latin American and Asian economies as well as several representatives of international organizations. The central purpose of the seminar was to comparatively assess the wide range of country experiences with financial reform in the two regions, with a view to distilling general lessons. The materials presented were oriented mainly around the diverse experiences of financial policy formulation and implementation during the 1980s and early 1990s. These materials supported discussion of a variety of subthemes, including the management of financial crises, the interaction of financial liberalization with more general economic reforms, the industrial policy aspects of financial reform, and the roles of governments in stimulating the development of specific types of financial markets and institutions. The presentation during the four days included country papers as well as a variety of more general and synoptic papers included in this publication.
Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 104 pages
File Size : 21,22 MB
Release : 1992-10-01
Category : Business & Economics
ISBN : 1451954662
Book Description
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.
Financial Reform in Developing Countries
Author : José María Fanelli
Publisher : Springer
Page : 384 pages
File Size : 13,18 MB
Release : 1998-11-12
Category : Business & Economics
ISBN : 1349268712
Book Description
For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
