High Real Interest Rates Under Financial Liberalization
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High Real Interest Rates Under Financial Liberalization
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Author : Vicente Galbis
language : en
Publisher: International Monetary Fund
Release Date : 1993-01-01
High Real Interest Rates Under Financial Liberalization written by Vicente Galbis and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
Concerns were raised beginning in the 1980s about the possible detrimental effects of high positive real interest rates under financial liberalization. Using a sample of 28 countries that underwent financial liberalization since the 1970s, the paper examines the evidence about the emergence of high real interest rates and discusses the possible causes and likely effects. Some remedies--preferably preventive--are considered including macroeconormic stabilization, fiscal consolidation, improvements in prudential regulation and supervision of the financial sector, and introduction of an efficient management of indirect monetary policy instruments.
High Real Interest Rates Under Financial Liberalisation
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Author : Vicente Galbis
language : en
Publisher: South East Asian Central Banks Research and Training Centre
Release Date : 1998
High Real Interest Rates Under Financial Liberalisation written by Vicente Galbis and has been published by South East Asian Central Banks Research and Training Centre this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Financial Liberalization And Economic Development
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Author : Ronald I. McKinnon
language : en
Publisher: ICS Press
Release Date : 1988
Financial Liberalization And Economic Development written by Ronald I. McKinnon and has been published by ICS Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Asia categories.
Interest Rate Liberalization
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Author : Mr.Bart Turtelboom
language : en
Publisher: International Monetary Fund
Release Date : 1991-12-01
Interest Rate Liberalization written by Mr.Bart Turtelboom and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-12-01 with Business & Economics categories.
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
Interest Rate Liberalization
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Author : Mr.Bart Turtelboom
language : en
Publisher: International Monetary Fund
Release Date : 1991-12
Interest Rate Liberalization written by Mr.Bart Turtelboom and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-12 with Business & Economics categories.
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
Interest Rate Liberalization In China
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Author : Mr.Tarhan Feyzioglu
language : en
Publisher: International Monetary Fund
Release Date : 2009-08-01
Interest Rate Liberalization In China written by Mr.Tarhan Feyzioglu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-01 with Business & Economics categories.
What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization will likely result in higher interest rates, discourage marginal investment, improve the effectiveness of intermediation and monetary transmission, and enhance the financial access of underserved sectors. This can occur without any major disruption. International experience suggests, however, that achieving these benefits without unnecessary instability, requires vigilant supervision, governance, and monetary policy, and a flexible policy toolkit.
Interest Rate Liberalization And Money Market Development
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Author : Mr.Bernard Laurens
language : en
Publisher: International Monetary Fund
Release Date : 1996-12-30
Interest Rate Liberalization And Money Market Development written by Mr.Bernard Laurens and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-12-30 with Business & Economics categories.
This book by Hassanali Mehran, Bernard Laurens, and Marc Quintyn brings together the papers presented at a seminar held in Beijing, China, in August 1995 and sponsored jointly by the IMF's Monetary and Exchange Affairs Department and the Poeple's Bank of China. The papers were written by central bankers from China, Italy, Korea, Malaysia, Thailand, and Turkey. The Chinese authorities were specifically interested in learning more about the Italian and Turkish models of interbank markets and in the experiences of neighboring Asian countries with interest rate liberalization. The U.S. experience was also presented, and the introduction to the book draws policy lessons from the experiences presented at the seminar.
Interest Rate Policies Stabilization And Bank Supervision In Developing Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-01-01
Interest Rate Policies Stabilization And Bank Supervision In Developing Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-01-01 with Business & Economics categories.
This paper identifies macroeconomic stability, effective bank supervision, and an appropriate sequencing of stabilization, banking regulations, and interest rate policies as common characteristics of the relatively successful experiments in financial sector liberalization. Recent theoretical developments help to explain why interest rates in free markets for bank credit may fall short of market-clearing levels, or may rise to risky levels with adverse consequences for financial institutions and the economy at large. To prevent such outcomes, macro-economic stabilization and improved bank supervision should generally precede complete removal of control on bank interest rates.
Are High Real Interest Rates Bad For World Economic Growth
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Author : Nemat Shafik
language : en
Publisher: World Bank Publications
Release Date : 1991
Are High Real Interest Rates Bad For World Economic Growth written by Nemat Shafik and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Crecimiento economico categories.
The conventional wisdom says yes. But close examination suggests the answer is not nearly so clear-cut.
A Survey Of Financial Liberalization
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Author : John Williamson
language : en
Publisher: Princeton University International Finance Section, Department of Econmics
Release Date : 1998
A Survey Of Financial Liberalization written by John Williamson and has been published by Princeton University International Finance Section, Department of Econmics this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.