Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries

Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries
Author :
Publisher : International Monetary Fund
Total Pages : 104
Release :
ISBN-10 : 9781451954661
ISBN-13 : 1451954662
Rating : 4/5 (662 Downloads)

Book Synopsis Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries by : International Monetary Fund

Download or read book Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1992-10-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries Related Books