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This paper analyzes the evolution and effectiveness of Indonesia’s monetary control system following the financial reforms implemented since 1983. These reforms entailed the abolition of interest rate and credit ceilings, a change in the central bank’s funding role, the introduction of new...
Persistent link: https://www.econbiz.de/10014396201
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...
Persistent link: https://www.econbiz.de/10014399517
tax-free deposits to households. The paper also challenges the argument that the reform caused a loss of monetary autonomy …
Persistent link: https://www.econbiz.de/10014396052
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...
Persistent link: https://www.econbiz.de/10014398013
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the … reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and … systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but …
Persistent link: https://www.econbiz.de/10014398351
This paper discusses the Financial Sector Assessment Program focusing on Detailed Assessment of Implementation of the International Organization of Securities Commission (IOSCO) Objectives and Principles of Securities Regulation for Italy. The IOSCO Principles list a number of preconditions to...
Persistent link: https://www.econbiz.de/10014407251
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies (MFPT Code)—Banking Supervision for Italy. Banca d’Italia (BI) notes the assessment’s recognition of the very high degree of compliance of the...
Persistent link: https://www.econbiz.de/10014407252
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies for Payment Systems Oversight for Italy. The Banca d’Italia’s (BI) oversight of payment systems is characterized by high levels of transparency,...
Persistent link: https://www.econbiz.de/10014407253