Financial Sector Reform

Shahrukh Rafi Khan
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Shahrukh Rafi Khan: Sustainable Development Policy Institute

Chapter 3 in Do World Bank and IMF Policies Work?, 1999, pp 48-63 from Palgrave Macmillan

Abstract: Abstract Among the series of reforms accepted by policy-makers in Pakistan are financial sector reforms such as interest rate liberalization and the deregulation and privatization of banks.2 We demonstrate in this chapter that there is very weak support at best for the neo-liberal hypotheses concerning interest rate liberalization and that such liberalization is regressive. There is, however, preliminary support concerning the efficiency of private sector banks.

Keywords: Interest Rate; Commercial Bank; Real Interest Rate; Money Demand; Financial Liberalization (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37325-9_4

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DOI: 10.1057/9780230373259_4

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