This paper provides a review of the literature on both analytical issues and country experiences on the sequencing of financial sector reforms. It discusses the choice between big-bang and gradual reforms, the relationship of financial sector reforms to other economic reforms, the internal...

This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three...

This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund`s concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three...