edited by Gerard Caprio, Jr., Izak Atiyas, and James A. Hanson.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York, NY, USA :
Name of Publisher, Distributor, etc.
Cambridge University Press,
Date of Publication, Distribution, etc.
1994.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xvii, 470 pages :
Other Physical Details
illustrations ;
Dimensions
24 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 441-457) and index.
CONTENTS NOTE
Text of Note
1. Introduction / Gerard Caprio, Jr. -- 2. Finance, public policy, and growth / Mark Gertler and Andrew Rose -- 3. Banking on financial reform? A case of sensitive dependence on initial conditions / Gerard Caprio, Jr. -- 4. Credit where it is due? A review of the macro and micro evidence on the real effects of financial reform / Fabio Schiantarelli, Izak Atiyas, Gerard Caprio, Jr., John Harris and Andrew Weiss -- 5. An overview of financial reform episodes / Izak Atiyas, Gerard Caprio, Jr. and James A. Hanson -- 6. The impact of financial reform: The Turkish experience / Izak Atiyas and Hasan Ersel -- 7. Financial policy reform in New Zealand / Dimitri Margaritis, Dean Hyslop and David Rae -- 8. Korea's financial reform since the early 1980s / Sang-Woo Nam -- 9. An assessment of financial reform in Indonesia, 1983-90 / John Chant and Mari Pangestu -- 10. Financial reform in Malaysia / Zainal Aznam Yusof, Awang Adek Hussin, Ismail Alowi, Lim Chee Sing and Sukhdave Singh.
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SUMMARY OR ABSTRACT
Text of Note
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.