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Pakistan undertook major financial sector reforms starting in the late 1980s. The effects of these reforms on the profitability and cost and revenue efficiency of the banking sector are evaluated. The revenue performance of all banks, and especially the privatized banks, improved significantly,...
Persistent link: https://www.econbiz.de/10014400681
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital and banking sectors, product...
Persistent link: https://www.econbiz.de/10014402711
The condition of banking systems in developing countries strongly influences the design and effectiveness of economic adjustment policies. Bank portfolio weakness can limit the flexibility of interest rate policy, the scope of financial reforms, and the conduct of monetary and fiscal policy....
Persistent link: https://www.econbiz.de/10014402938
Persistent link: https://www.econbiz.de/10011667984
This paper explores the causes of India''s productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence...
Persistent link: https://www.econbiz.de/10014401305
, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster …
Persistent link: https://www.econbiz.de/10014401625
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk … sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …
Persistent link: https://www.econbiz.de/10014394411
Persistent link: https://www.econbiz.de/10011588908
This paper compares experiences with banking crises in seven countries in order to analyze the factors governing the crises and the effectiveness of measures to deal with the problems. The linkages between deregulation of the financial sector, and financial crises are examined. The portfolio...
Persistent link: https://www.econbiz.de/10014396460
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395972