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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...
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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
The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is … subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper …
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