FITZGERALD, E.V.K. creator text 1996 monographic 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