Financial reform: theory and experience

This book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved resource allocation - an a priori belief not hitherto tested. This finding is consistent with the argument...

Full description

Saved in:
Bibliographic Details
Other Authors: Caprio, Gerard (Editor), Atiyas, Izak (Editor), Hanson, James A (Editor)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 1994
Subjects:
Links:https://doi.org/10.1017/CBO9780511571879
https://doi.org/10.1017/CBO9780511571879
https://doi.org/10.1017/CBO9780511571879
Summary:This book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved resource allocation - an a priori belief not hitherto tested. This finding is consistent with the argument that efforts in developing countries to maximize efficiency resource utilization cannot be underestimated in their importance. There are three key lessons that suggest the crucial nature of managing the process rather than adopting a laissez-faire approach. First, more successful reform must take account of information capital; second, initial conditions in balance sheets, human and information capital, and incentive systems are fundamental in determining how to go about reform; and third, that different sequences of reforms can be tolerated and, with certain preconditions, do well
Item Description:Title from publisher's bibliographic system (viewed on 14 Jan 2016)
Physical Description:1 online resource (xvii, 470 pages)
ISBN:9780511571879
DOI:10.1017/CBO9780511571879

Order via interlibrary loan Read online (BSB)

Library Card of Bavarian State Library (BSB) necessary.