Market Based Systems Of Monetary Control In Developing Countries
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Market Based Systems Of Monetary Control In Developing Countries
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Author : Mr.Chorng-Huey Wong
language : en
Publisher: International Monetary Fund
Release Date : 1991-04-01
Market Based Systems Of Monetary Control In Developing Countries written by Mr.Chorng-Huey Wong 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 1991-04-01 with Business & Economics categories.
This paper reviews issues in the development of a market-based system of monetary control in developing countries. It focuses on the appropriate sequencing of financial reform that would facilitate the transition toward a market-based system and measures required to strengthen the effectiveness of market-based operations. The paper also assesses the effects of financial reform on the demand for money function and discusses the implications for policy formulation and implementation.
Sequencing Financial Sector Reforms
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1991-03-15
Sequencing Financial Sector Reforms 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 1991-03-15 with Business & Economics categories.
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Bank Based And Market Based Financial Systems
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Author : Asl? Demirgüç-Kunt
language : en
Publisher: World Bank Publications
Release Date : 1999
Bank Based And Market Based Financial Systems written by Asl? Demirgüç-Kunt 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 1999 with Bancos categories.
The Transmission Mechanism For Monetary Policy In Developing Countries
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Author : Mr.Peter Montiel
language : en
Publisher: International Monetary Fund
Release Date : 1990-05-01
The Transmission Mechanism For Monetary Policy In Developing Countries written by Mr.Peter Montiel 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 1990-05-01 with Business & Economics categories.
In many developing countries the financial system is characterized by the absence of organized markets for securities and equities, by capital controls, and by legal ceilings on bank borrowing and lending rates, a situation which gives rise to parallel markets for foreign exchange and informal loan markets. This paper analyzes how changes in monetary policy instruments (bank credit, administered interest rates, required reserve ratios, and intervention in the parallel exchange market) are transmitted to domestic aggregate demand in a financially-repressed economy. Such an analysis is necessary to understand how the move to a more market-oriented system would affect the economy in the short run.
Monetary Instruments And Their Use During The Transition From A Centrally Planned To A Market Economy
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Author : Mr.Paul Louis Ceriel Hilbers
language : en
Publisher: International Monetary Fund
Release Date : 1993-11-01
Monetary Instruments And Their Use During The Transition From A Centrally Planned To A Market Economy written by Mr.Paul Louis Ceriel Hilbers 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 1993-11-01 with Business & Economics categories.
This paper discusses different instruments of monetary policy, and in particular the choice between direct and indirect instruments. It identifies the main characteristics of a country’s financial system that should be considered in selecting monetary instruments, and analyzes how these characteristics should influence that selection in countries that are progressing from a state-controlled to a market economy. The characteristics of the financial system during the initial stage of the transition sometimes favor relatively direct instruments. At this stage market-based variants of direct instruments may combine the necessary effectiveness in reducing monetary expansion with the need to introduce and stimulate competition in the financial markets. During this stage indirect instruments can be developed and tested (“belt and braces” approach). In later stages, as experience is gained, these indirect instruments can gradually replace the more direct controls.
Monetary Control Procedures And Financial Reform
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-06-02
Monetary Control Procedures And Financial Reform 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 1989-06-02 with Business & Economics categories.
Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform their financial systems in support of growth and adjustment. This is because reform of those procedures increases the scope of monetary policy for stabilization purposes and allows for more flexible arrangements for setting interest rates and allocating credit that are necessary elements in improving resource mobilization and the efficiency of investment. This paper discusses the approaches to reforming monetary instruments, the issues in implementation, and experiences in developing countries.
Monetary Policy Instruments For Developing Countries
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Author :
language : ru
Publisher: World Bank Publications
Release Date :
Monetary Policy Instruments For Developing Countries written by 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 with categories.
Money And Monetary Policy In Less Developed Countries
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Author : Warren L. Coats
language : en
Publisher: Elsevier
Release Date : 2014-05-19
Money And Monetary Policy In Less Developed Countries written by Warren L. Coats and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-19 with Business & Economics categories.
Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence focuses on monetary policy, the financial intermediation process, and the role of money in economic development in less developed countries (LDCs). Topics covered include financial development and economic growth in underdeveloped countries; instruments and techniques used in the implementation of monetary policy: and econometric policy models. This book is comprised of 46 chapters and begins with a discussion on the main lines of thought in the field of money and monetary policy in LDCs, with emphasis on the significant empirical results. The reader is then introduced to the role of money in the development process; production and monetization in the subsistence sector; some aspects of financial policies and central banking in developing countries; and the efficacy of monetary rules for LDCs. The subsequent chapters explore monetary policy instruments such as interest rates, credit controls, and exchange rates; credit policy and the balance of payments in developing countries; and price and output behavior in the Indian economy from 1951 to 1973. A semiannual macroeconometric model of the Philippines for the period 1967-1976 is also described. This monograph will be a valuable resource for economists, economic policymakers, and central bankers as well as students.
Establishing Monetary Control In Financial Systems With Insolvent Institutions
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Author : Donald J. Mathieson
language : en
Publisher:
Release Date : 1994
Establishing Monetary Control In Financial Systems With Insolvent Institutions written by Donald J. Mathieson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Emancipating The Banking System And Developing Markets For Government Debt
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Author : Maxwell Fry
language : en
Publisher: Routledge
Release Date : 1997-03-06
Emancipating The Banking System And Developing Markets For Government Debt written by Maxwell Fry and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-03-06 with Business & Economics categories.
Monetary policy in developing countries is largely based on a system introduced in the 1960s. This book illustrates how this outdated system has led to financial repression and suggests some alternatives.