The Economics of Financial Reform in Developing Countries

Developing countries' financial sector has been affected by a troubled macroeconomic environment and repressive policies. To improve their financial sector performance, some governments have responded with financial reform policies which have succeeded in only a few but failed in several countries. This book identifies the challenges and solutions for policymakers and financial managers in countries implementing financial reform policies. It analyzes the anatomy of success and failure of reform and argues for sound financial regulation and supervision in these countries.

Autorentext

WILBERT O. BASCOM is Chief of the Bureau of Internationl Banking in the State of Florida. He was formerly an Assistant Lecturer at the City of London College, Adjunct Professor at the Florida State University College of Business and Visiting Professor at the Florida International University Department of Economics. He was also a Senior Managing Director of the Guyana National Cooperative Bank. He served as a Financial Advisor to the Government of Dominica, West Indies. Currently, Dr Bascom is a member of the Conference of State Bank Supervisors' International Banking Council and the Florida International Trade and Investment Council. He is also Chairman of the Florida Export Finance Corporation's Board of Directors.

Inhalt
List of Tables - List of Figures - Preface - Introduction - PART 1: MACROECONOMIC ISSUES - Distortions in 'Developing Countries' Financial Markets - Macroeconomic Environment and Financial Reform - Monetary Control Instruments and Financial Reform - Choice and Reform of the Exchange Rate System - Current and Capital Account Convertibility - PART 2: MICROECONOMIC ISSUES - Financial Market Efficiency, Expectations and Dynamics - Interest Rate Relationships and Immunization Techniques - Managing Interest Rate Risk - PART 3: INSTITUTIONAL, REGULATORY AND SUPERVISORY ISSUES - Forward Exchange Market Reform - Capital Market Benefits, Evolution and Reform - Regulation, Supervision and Financial Crisis - Conclusion - Bibliography - Index