Financial liberalization : the lessons for Commonwealth LDC's.
FITZGERALD, E.V.K.
Financial liberalization : the lessons for Commonwealth LDC's. - 1996
Highlights the key lessons for developing countries in undertaking financial reform. These include the need for a gradual approach, ensuring first that banks are solvent and budget deficits are under control; discouragement of speculative short term flows; encouragement of domestic savings, provision of longterm credit to export-oriented and small and medium sized enterprises; and maintenance of prudent regulation of financial intermediaries.
Financial liberalization : the lessons for Commonwealth LDC's. - 1996
Highlights the key lessons for developing countries in undertaking financial reform. These include the need for a gradual approach, ensuring first that banks are solvent and budget deficits are under control; discouragement of speculative short term flows; encouragement of domestic savings, provision of longterm credit to export-oriented and small and medium sized enterprises; and maintenance of prudent regulation of financial intermediaries.