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Author:
Ms. Laura Wallace
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Language:
English
Print Publication Date:
13 May 1997
Keywords:
BOOK; government; country; textile parastatal; market; privatization program; privatization process; country specificity; structural adjustment program; Privatization; Public enterprises; Commercial banks; Tax administration core functions; Africa; East Asia; Sub-Saharan Africa; Central Asia; Southeast Asia; rate of inflation; market rate; monetary management; interest rate liberalization; intermediary bank; Exchange rates; Financial sector reform; Loans; Bank supervision

Abstract

I think both of the papers on financial sector reform are very thought-provoking, but I propose to confine my comments to the paper by David Cole and Betty Slade since my own past research has focused on the problems of the less-developed countries rather than on the somewhat different problems of the formerly socialist economies. Cole and Slade advocate an evolutionary approach to financial sector reform based on their recognition that many developing countries, particularly in Africa, do not currently have in place full-fledged market-based financial systems.

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Cover Deepening Structural Reform in Africa
Deepening Structural Reform in Africa
Lessons from East Asia
ISBN:
9781557756343
Publication Date:
13 May 1997
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557756343.071
Pages:
215