The dramatic events of the late 1990s, which followed a wave of financial crises going back to the early 1980s, brought to center stage the issue of financial sector policy in developing countries. Many recent books have presented a chronology and interpretation of the crises, but it is little...

Intro -- Contents -- Contributors -- Foreword -- Part I Designing Policy for the Financial System -- Looking Back at the World BankÌs World Development Report 1989: Finance and Development -- From Good Bankers to Bad Bankers -- Impact of Early Financial Growth Strategies on Financial Structures...

The dramatic events of the late 1990s, which followed a wave of financial crises going back to the early 1980s, brought to center stage the issue of financial sector policy in developing countries. Many recent books have presented a chronology and interpretation of the crises, but it is little...

Whether and when does banking serve to stabilize the economy? Caprio and Honohan view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The filter can dampen or amplify the shocks through various credit market channels, including...