Author: Tafirenyika SundePublisher:
ISBN:
Category : Elections
Languages : en
Pages : 14
Book Description
Financial Liberalization, Currency Substitution and Savings
Author: Tafirenyika SundePublisher:
ISBN:
Category : Elections
Languages : en
Pages : 14
Book Description
Financial Liberalization, Currency Substitution and Savings
Author: Financial Liberalization, Currency Substitution, and Investment
Author: M. Nureldin HussainPublisher:
ISBN:
Category : Currency substitution
Languages : en
Pages : 38
Book Description
Abstracts in English and French.
Currency Substitution and Liberalization
Author: Ugo Fasano-FilhoPublisher: Gower Publishing Company, Limited
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Interest Rate Liberalization
Author: Mr.Bart TurtelboomPublisher: International Monetary Fund
ISBN: 1451939183
Category : Business & Economics
Languages : en
Pages : 46
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.
Financial Liberalization in Developing Countries
Author: Abdullahi Dahir AhmedPublisher: Springer Science & Business Media
ISBN: 3790821683
Category : Business & Economics
Languages : en
Pages : 303
Book Description
The recent global ?nancial crisis has made ?nancial liberalization a topic of great academic and practical interest. This book makes new contributions to the topic by combining fact-?nding, empirical analysis, and theory to examine the relationship between ?nancial liberalization and economic growth. Among its contributions, the book provides detailed country assessments on the effects of ?nancial liberalization, including its striking impact on the banking sector. Although an important goal of ?nancial deregulation has been to help ?nancial institutions better perform their role in intermediating resources, the book models how deregulation may fail to achieve that goal in countries with underdeveloped ?nancial markets and institutions. For that purpose, the book draws on actual experience in Kenya, Malawi, Botswana, and Thailand. This book should constitute important reading for students of ?nancial economics, researchers and general academics, ?nancial practitioners, policymakers, and teachers of economics. North Carolina, USA Steven L. Schwarcz December 2008 Stanley A. Star Professor of Law & Business, Duke University Founding Director, Duke Global Capital Markets Center Durham vii Abstract and Preface The latest global ?nancial and economic crisis of 2008 shows the need to - examine the desirability of ?nancial liberalization and the basis for the view that ?nancial deregulation by itself cannot be considered as a substitute for better economic management. The literature on ?nancial liberalization has identi?ed various mechanisms through which removing controls on interest rates may impact economic growth.
A Survey of Financial Liberalization
Author: John WilliamsonPublisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
Book Description
Financial Liberalization
Author: Gerard CaprioPublisher: Cambridge University Press
ISBN: 0521803691
Category : Business & Economics
Languages : en
Pages : 320
Book Description
This volume provides a rounded view of financial liberalization after the collapses in East Asia.
Foreign Currency Deposits and the Demand for Money in Developing Countries
Author: Mr.Mohsin S. KhanPublisher: International Monetary Fund
ISBN: 1451931301
Category : Business & Economics
Languages : en
Pages : 40
Book Description
This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model that incorporates forward-looking rational expectations is formulated and then estimated for a group of ten developing countries. The results indicate that the foreign rate of interest and the expected rate of depreciation of the parallel market exchange rate are important factors in the choice between holding domestic money or switching to foreign currency deposits held abroad. From an empirical standpoint, the forward-looking framework adopted here also turns out to be superior to the conventional currency-substitution model.
Monetary and Exchange System Reforms in China
Author: Mr.Bernard LaurensPublisher: International Monetary Fund
ISBN: 9781557755629
Category : Business & Economics
Languages : en
Pages : 108
Book Description
In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.