Sequencing Financial Sector Reforms

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Publisher : International Monetary Fund
ISBN 13 : 9781557757791
Total Pages : 412 pages
Book Rating : 4.98/5 ( download)

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Book Synopsis Sequencing Financial Sector Reforms by : International Monetary Fund

Download or read book Sequencing Financial Sector Reforms written by International Monetary Fund and published by International Monetary Fund. This book was released on 1991-03-15 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Sequencing Capital Account Liberalization

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Publisher : International Monetary Fund
ISBN 13 : 1451857454
Total Pages : 116 pages
Book Rating : 4.50/5 ( download)

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Book Synopsis Sequencing Capital Account Liberalization by : Claudia Echeverria

Download or read book Sequencing Capital Account Liberalization written by Claudia Echeverria and published by International Monetary Fund. This book was released on 1997-11-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capital Account Liberalization and Financial Sector Stability

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Publisher :
ISBN 13 : 9781589060852
Total Pages : 94 pages
Book Rating : 4.57/5 ( download)

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Book Synopsis Capital Account Liberalization and Financial Sector Stability by : Friedrich Ivan Schneider

Download or read book Capital Account Liberalization and Financial Sector Stability written by Friedrich Ivan Schneider and published by . This book was released on 2002 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the links between capital account liberalisation and other policies influencing financial sector stability. Drawing on country experiences, it develops an operational framework for the co-ordination of capital account liberalisation, particularly with structural policies to strengthen the domestic financial system.

Sequencing Capital Account Liberalizations and Financial Sector Reform

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.91/5 ( download)

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Book Synopsis Sequencing Capital Account Liberalizations and Financial Sector Reform by : Robert Barry Johnston

Download or read book Sequencing Capital Account Liberalizations and Financial Sector Reform written by Robert Barry Johnston and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sequencing Capital Account Liberalization

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Publisher :
ISBN 13 :
Total Pages : 115 pages
Book Rating : 4.51/5 ( download)

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Book Synopsis Sequencing Capital Account Liberalization by : R. Barry Johnston

Download or read book Sequencing Capital Account Liberalization written by R. Barry Johnston and published by . This book was released on 2006 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Sequencing of Financial Sector Reforms

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Publisher : International Monetary Fund
ISBN 13 : 1451852460
Total Pages : 32 pages
Book Rating : 4.62/5 ( download)

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Book Synopsis Sequencing of Financial Sector Reforms by : Vicente Galbis

Download or read book Sequencing of Financial Sector Reforms written by Vicente Galbis and published by International Monetary Fund. This book was released on 1994-09-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a review of the literature on both analytical issues and country experiences on the sequencing of financial sector reforms. It discusses the choice between big-bang and gradual reforms, the relationship of financial sector reforms to other economic reforms, the internal sequencing of financial sector measures and the influence of initial conditions. It is concluded that a pragmatic approach to the sequencing issue is necessary as there are only a few general principles valid for all countries.

Sequencing?

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

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Book Synopsis Sequencing? by : Alison Harwood

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.

Structural Reforms and Economic Performance in Advanced and Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1589068181
Total Pages : 62 pages
Book Rating : 4.86/5 ( download)

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Book Synopsis Structural Reforms and Economic Performance in Advanced and Developing Countries by : Mr.Jonathan David Ostry

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.

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

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Publisher : International Monetary Fund
ISBN 13 : 1451954662
Total Pages : 104 pages
Book Rating : 4.61/5 ( download)

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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.

A Modernized Approach to Managing the Risks in Cross-Border Capital Movements

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Publisher : International Monetary Fund
ISBN 13 : 1451972091
Total Pages : 24 pages
Book Rating : 4.92/5 ( download)

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Book Synopsis A Modernized Approach to Managing the Risks in Cross-Border Capital Movements by : Ms.Inci Ötker

Download or read book A Modernized Approach to Managing the Risks in Cross-Border Capital Movements written by Ms.Inci Ötker and published by International Monetary Fund. This book was released on 1999-07-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines a “modern” approach to managing risks in cross-border capital movements that is consistent with an environment of increased and liberalized capital flows. Key elements of this approach include: a consistent monetary and exchange rate policy mix to avoid incentives for volatile capital flows; prudential management of the specific risks in capital flows; supporting financial sector reforms; and appropriate sequencing of liberalization. The approach can reduce the potential size of the shocks associated with capital movements and increase the resilience of the financial system to such shocks when they occur; overtime, it is expected to reduce the need for recourse to capital controls.