Financial Reform
Financial Reform
$51.99
USDThis book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved resource allocation - an a priori belief not hitherto tested. This finding is consistent with the argument that efforts in developing countries to maximize efficiency resource utilization cannot be underestimated in their importance. There are three key lessons that suggest the crucial nature of managing the process rather than adopting a laissez-faire approach. First, more successful reform must take account of information capital; second, initial conditions in balance sheets, human and information capital, and incentive systems are fundamental in determining how to go about reform; and third, that different sequences of reforms can be tolerated and, with certain preconditions, do well.
- Successful book, now available in paperback for the first time
- This is the first book to examine the analytics and experience of financial reform
- Includes many topical examples
Product details
August 1996Paperback
9780521574242
494 pages
227 × 152 × 32 mm
0.664kg
15 b/w illus.
Available
Table of Contents
- 1. Introduction: motivation for the study Gerard Caprio Jr
- Part I. Reforming Finance: Approaches and Importance:
- 2. Finance, public policy and growth Mark Gertler and Andrew Rose
- 3. Banking on financial reform? Gerard Caprio Jr
- 4. Credit where it is due? Fabio Schiantarelli, Izak Atiyas, Gerard Caprio Jr, John Harris, and Andrew Weiss
- Part II. The Reform Experiences:
- 5. An overview of financial reform episodes Izak Atiyas, Gerard Caprio Jr., and James Hanson
- 6. The impact of financial reform: the Turkish experience Izak Atiyas and Hasan Ersel
- 7. Financial policy reform in New Zealand Dimitri Margaritis, Dean Hyslop and David Rae
- 8. Korea's financial reform since the early 1980s Sang-Woo Nam
- 9. An assessment of financial reform in Indonesia, 1983–90 John Chant and Mari Pangestu
- 10. Financial reform in Malaysia Zainal Aznam Yusof, Awang Adek Hussin, Ismail Alowi, Lim Chee Sing, and Sukhdave Sing
- Part III. Liberalizing the Capital Account and Domestic Financial Reform:
- 11. An open capital account James Hanson
- 12. Financial liberalization and the capital account: Chile, 1974–84 Salvador Valdes-Prieto
- 13. Policy issues in reforming finance: lessons and strategies Gerard Caprio Jr, Izak Atiyas and James A. Hanson.
