Financial Reform In Developing Countries

Author : José María Fanelli
Publisher : Springer
ISBN 13 : 1349268712
Total Pages : 384 pages
Book Rating : 4.19/5 ( download)

DOWNLOAD NOW!

Download or read book Financial Reform in Developing Countries written by José María Fanelli and published by Springer. This book was released on 1998-11-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Jomo Kwame Sundaram
Publisher : Columbia University Press
ISBN 13 : 0231527276
Total Pages : 561 pages
Book Rating : 4.79/5 ( download)

DOWNLOAD NOW!

Download or read book Reforming the International Financial System for Development written by Jomo Kwame Sundaram and published by Columbia University Press. This book was released on 2011-01-17 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements.

Author : Wilbert O. Bascom
Publisher : Springer
ISBN 13 : 1349233722
Total Pages : 210 pages
Book Rating : 4.24/5 ( download)

DOWNLOAD NOW!

Download or read book The Economics of Financial Reform in Developing Countries written by Wilbert O. Bascom and published by Springer. This book was released on 2016-07-27 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries' financial sector has been affected by a troubled macroeconomic environment and repressive policies. To improve their financial sector performance, some governments have responded with financial reform policies which have succeeded in only a few but failed in several countries. This book identifies the challenges and solutions for policymakers and financial managers in countries implementing financial reform policies. It analyzes the anatomy of success and failure of reform and argues for sound financial regulation and supervision in these countries.

Author : Mr.Jonathan David Ostry
Publisher : International Monetary Fund
ISBN 13 : 1589068181
Total Pages : 62 pages
Book Rating : 4.86/5 ( download)

DOWNLOAD NOW!

Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.

Author : John S. Akin
Publisher : World Bank Publications
ISBN 13 : 9780821309001
Total Pages : 104 pages
Book Rating : 4.05/5 ( download)

DOWNLOAD NOW!

Download or read book Financing Health Services in Developing Countries written by John S. Akin and published by World Bank Publications. This book was released on 1987-01-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses several different approaches that support reforming health care services in developing countries. For some time now, health care services have been supported by government funds. As demands for improving health care services continue to increase additional demands will be placed on governments to respond. This, however, will not be easy. Slow economic growth and record budget deficits in the 1980's have forced reductions in public spending. Alternative approaches to finance health care services are needed. Such possible changes could involve: decentralization of federal government involvement; the promotion of nongovernment involvement; the imposition of user fees; and, establishing health insurance. Finally, the role of the Bank in pursuing new financing strategies is discussed.

Author : Leila L. Frischtak
Publisher : World Bank Publications
ISBN 13 : 9780821329627
Total Pages : 56 pages
Book Rating : 4.26/5 ( download)

DOWNLOAD NOW!

Download or read book Governance Capacity and Economic Reform in Developing Countries written by Leila L. Frischtak and published by World Bank Publications. This book was released on 1994-01-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inability to coordinate diverging interests and to promote policies that represent the public interest is one of many non-economic obstacles to economic reform. This paper examines the relationship between governance capacity and economic reform. The

Author : Alison Harwood
Publisher : Brookings Institution Press
ISBN 13 : 0815720955
Total Pages : 209 pages
Book Rating : 4.59/5 ( download)

DOWNLOAD NOW!

Download or read book Sequencing? written by Alison Harwood and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : J. Boex
Publisher : Springer
ISBN 13 : 0230599494
Total Pages : 242 pages
Book Rating : 4.99/5 ( download)

DOWNLOAD NOW!

Download or read book Local Government Financial Reform in Developing Countries written by J. Boex and published by Springer. This book was released on 2006-07-07 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes recent local government finance reforms in Tanzania, including the introduction of a formula-based system of intergovernmental grants. Due to the scope and speed of Tanzania's local government finance reforms, the country is becoming one of the best-practice examples of fiscal decentralization reform in Africa.

Author : N. Mathieu
Publisher : World Bank Publications
ISBN 13 : 9780821342916
Total Pages : 108 pages
Book Rating : 4.16/5 ( download)

DOWNLOAD NOW!

Download or read book Financial Sector Reform written by N. Mathieu and published by World Bank Publications. This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soon after its declaration of independence, Lithuania launched a program of market-based economic reforms that achieved remarkable results. However, a banking crisis erupted in January 1996, driven by a combination of ineffective bank supervision, poor bank practices, and deep-rooted sectoral imbalances. With financial support from the World Bank, Lithuanian authorities embarked on a broad economic reform program with two immediate objectives: the resolution of the banking system's operational and undercapitalization problems, and a reduction in the most severe imbalances in the economy. Volume I (see ordering information below) distills findings and conclusions and builds a policy action plan for fast stable growth. Volume II contains a collection of twelve policy notes that provide the technical analysis behind that plan. Also available: Volume II/Analytical Backgroung(ISBN 0-8213-4327-0) Stock no. 14327.

Author : Wilfried A. Kouamé
Publisher : International Monetary Fund
ISBN 13 : 1484348354
Total Pages : 42 pages
Book Rating : 4.52/5 ( download)

DOWNLOAD NOW!

Download or read book Structural Reforms and Firms’ Productivity: Evidence from Developing Countries written by Wilfried A. Kouamé and published by International Monetary Fund. This book was released on 2018-03-19 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the effects of structural reforms on firm-level productivity for 37 developing countries from 2006 to 2014 period. It takes advantage of the IMF Monitoring of Fund Arrangements dataset for reform indexes and the World Bank Enterprise Surveys for firm-level productivity. The paper highlights the following results. Structural reforms such as financial, fiscal, real sector, and trade reforms, significantly improve firm-level productivity. Interestingly, real sector reforms have the most sizeable effects on firm-level productivity. The relationship between structural reforms and firm-level productivity is nonlinear and shaped by some firms’ characteristics such as the financial access, the distortionary environment, and the size of firms. The pace of structural reforms matters since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all structural reforms under consideration are bilaterally complementary in improving firm-level productivity. These findings are robust to several sensitivity checks.