Financial Sector Reform: Scope and Sequencing

Tomás J. T. Baliño

Chapter 14 in Macroeconomic Management, 1995, pp 239-247 from Palgrave Macmillan

Abstract: Abstract Over the last twenty years or so financial liberalisation has become a key component of the reform process. Countries in Latin America, Asia and Europe have endeavoured to liberalise their financial systems, generally moving from financially-repressed regimes1 to systems in which interest rates have become free or liberalised and credit is allocated according to market criteria. This liberalisation marks a dramatic change from postwar thinking, which was characterised by controlled interest rates and strong government intervention in the allocation of financial savings.

Keywords: Monetary Policy; Real Exchange Rate; Banking Crisis; Economic Liberalisation; Financial Liberalisation (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-1-349-24280-1_14

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