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Financial liberalization : the lessons for Commonwealth LDC's.

By: Material type: TextTextPublication details: 1996Action note:
  • 3/7/00 M2LMGR
Summary: 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.
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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.

3/7/00 M2LMGR

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