Financial Reform: Theory and Experience - Hardcover

Hardcover

ISBN 10: 0521465621 ISBN 13: 9780521465625

Publisher: Cambridge University Press, 1995

Synopsis

Book by

About this title

Book Description:

The first study to look at the analytics of and experience with financial reform examines a number of issues that relate to the relationship between the financial and real sectors, and how this behavior can affect the economy at large.

From the Back Cover:

This book examines the analytical basis and practical experience of financial reforms in a number of countries, primarily developing nations. 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 of resource utilization cannot be underestimated in their importance. Three key lessons suggest the importance of managing the reform process rather than adopting a laissez-faire approach: first, more successful reform must take account of information capital; second, initial conditions in finance - balance sheets, human and information capital, and incentive systems - are fundamental in determining how to go about reform; and third, different sequences of reforms can be tolerated and, with certain preconditions, do well.

About this edition

• Publisher: Cambridge University Press
• Publication date: 1995
• ISBN 10: 0521465621
• ISBN 13: 9780521465625
• Binding: Hardcover
• Number of pages: 492
• Editor: Caprio Jr Gerard, Atiyas Izak, Hanson James A.