Financial Sector Reform

Author : N. Mathieu
Publisher : World Bank Publications
Page : 108 pages
File Size : 43,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 0821342916

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Financial Sector Reform by N. Mathieu Pdf

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 : Aditya Narain,Ms.Inci Ötker,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 291 pages
File Size : 47,9 Mb
Release : 2012-04-19
Category : Business & Economics
ISBN : 9781616352295

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Building a More Resilient Financial Sector by Aditya Narain,Ms.Inci Ötker,Ceyla Pazarbasioglu Pdf

The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.

Author : Laurie Effron
Publisher : World Bank Publications
Page : 168 pages
File Size : 45,5 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9780821363065

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IEG Review of World Bank Assistance for Financial Sector Reform by Laurie Effron Pdf

This evaluation presents an independent assessment of the Bank's support for financial sector reforms over the period FY93-03. It assesses the extent to which the objectives of Bank assistance were achieved, including reducing government ownership of financial intermediaries, decreased market concentration, increased competition and efficiency, healthier and more stable financial intermediaries, and deeper, more developed financial systems. It also examines Bank support for financial sector reforms in countries under crisis.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 412 pages
File Size : 46,9 Mb
Release : 1991-03-15
Category : Business & Economics
ISBN : 1557757798

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Sequencing Financial Sector Reforms by International Monetary Fund Pdf

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.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 24 pages
File Size : 52,9 Mb
Release : 1990-12-01
Category : Business & Economics
ISBN : 9781451939569

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Financial Sector Reform and Central Banking in Centrally Planned Economies by International Monetary Fund Pdf

This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more efficient framework for monetary management, and to provide greater autonomy to central banks in macro stabilization policies. These objectives call for a coordinated approach to strengthening a wide range of central banking functions simultaneously, and require that a core mass of supporting financial sector reforms be implemented to ensure effective transformation and stabilization with minimal transitional costs.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 104 pages
File Size : 52,7 Mb
Release : 1992-10-01
Category : Business & Economics
ISBN : 9781451954661

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

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 : Yasheng Huang,Tony Saich,Edward Steinfeld
Publisher : BRILL
Page : 264 pages
File Size : 53,7 Mb
Release : 2020-10-26
Category : History
ISBN : 9781684171224

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Financial Sector Reform in China by Yasheng Huang,Tony Saich,Edward Steinfeld Pdf

An edited volume consisting of an introduction by the editors and eleven additional papers on China's financial system and financial sector reform. The papers originated at a conference on financial reform in China held at the John F. Kennedy School of Government, Harvard University, in 2001. They were then thoroughly revised and updated for publication.

Author : Mr.R. B. Johnston,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 32 pages
File Size : 47,6 Mb
Release : 1995-10-01
Category : Business & Economics
ISBN : 9781451948110

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Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency by Mr.R. B. Johnston,Ceyla Pazarbasioglu Pdf

This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that financial reforms have structural effects; that financial variables and reforms are important determinants of economic performance; that the impact depends on whether countries did or did not face a financial crisis; and that the “quality” of financial sector reform matters.

Author : Ms.Sumiko Ogawa,Mr.Joonkyu Park,Ms.Diva Singh,Ms.Nita Thacker
Publisher : International Monetary Fund
Page : 34 pages
File Size : 41,8 Mb
Release : 2013-07-31
Category : Business & Economics
ISBN : 9781484307830

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Financial Interconnectedness and Financial Sector Reforms in the Caribbean by Ms.Sumiko Ogawa,Mr.Joonkyu Park,Ms.Diva Singh,Ms.Nita Thacker Pdf

Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks.

Author : Asl? Demirgüç-Kunt,Ross Levine
Publisher : World Bank Publications
Page : 70 pages
File Size : 45,7 Mb
Release : 1994
Category : Empresas publicas
ISBN : 8210379456XXX

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The Financial System and Public Enterprise Reform by Asl? Demirgüç-Kunt,Ross Levine Pdf

Public enterprise reform is more successful in countries whose financial systems are relatively well developed. Countries seeking to implement broad public enterprise reforms achieve greater success if they also implement substantial and well- designed financial reforms.

Author : José María Fanelli,Rohinton Medhora
Publisher : Springer
Page : 384 pages
File Size : 44,6 Mb
Release : 1998-11-12
Category : Business & Economics
ISBN : 9781349268719

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Financial Reform in Developing Countries by José María Fanelli,Rohinton Medhora Pdf

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 : Martin Brownbridge,Charles Harvey (M.A.),Augustine Fritz Gockel
Publisher : Africa World Press
Page : 258 pages
File Size : 52,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 0865436932

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Banking in Africa by Martin Brownbridge,Charles Harvey (M.A.),Augustine Fritz Gockel Pdf

This book provides a review of the evolution of the post-independence banking system in Africa. There is a strong focus on the problems of restructuring of banking institutions and the management of the bad and non-performing assets of public sector institutions.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 52 pages
File Size : 40,5 Mb
Release : 1996-12-01
Category : Business & Economics
ISBN : 9781451855555

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Financial Sector Reform and Banking Crises in the Baltic Countries by International Monetary Fund Pdf

Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector.

Author : Mr.Abdelali Jbili
Publisher : International Monetary Fund
Page : 39 pages
File Size : 49,7 Mb
Release : 1997-07-01
Category : Business & Economics
ISBN : 9781451955170

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Financial Sector Reforms in Algeria, Morocco, and Tunisia by Mr.Abdelali Jbili Pdf

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 : T. O. Antwi-Asare,E. K. Y. Addison
Publisher : Unknown
Page : 136 pages
File Size : 49,8 Mb
Release : 2000
Category : Banks and banking
ISBN : IND:30000081108833

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Financial Sector Reforms and Bank Performance in Ghana by T. O. Antwi-Asare,E. K. Y. Addison Pdf