The Impact of Financial Reform on Private Savings in Bangladesh
Author: Abdur R. Chowdhury
Publisher:
Published: 2001
Total Pages: 44
ISBN-13:
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The Impact of Financial Reform on Private Savings in Bangladesh
Author: Abdur R. Chowdhury
Publisher:
Published: 2001
Total Pages: 34
ISBN-13: 9789524552813
DOWNLOAD EBOOKBangladesh Financial Sector
Author: Syed Ali-Mumtaz H. Shah
Publisher: Asian Development Bank
Published: 2015-01-01
Total Pages: 132
ISBN-13: 9292547100
DOWNLOAD EBOOKThe finance sector in Bangladesh remains at an early stage of development. It needs to be strengthened and invigorated so it can fulfill its dual role of reducing poverty and promoting economic growth. This book presents a comprehensive analysis of the finance sector in Bangladesh and pinpoints areas of weakness in its subsectors.
Structural Reforms and Economic Performance in Advanced and Developing Countries
Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
Published: 2009-10-15
Total Pages: 62
ISBN-13: 1589068181
DOWNLOAD EBOOKThis volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Domestic Resource Mobilization and Financial Development
Author: G. Mavrotas
Publisher: Springer
Published: 2008-03-27
Total Pages: 306
ISBN-13: 0230594018
DOWNLOAD EBOOKThis book provides insights into the evolving debate regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard, exploring aspects of the financial development–domestic resource mobilization nexus, including country case studies.
Financial Reforms in Sudan
Author: Alexei Kireyev
Publisher:
Published: 2006
Total Pages: 55
ISBN-13:
DOWNLOAD EBOOKThe paper reviews the experience of financial reforms in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such reforms have not yet brought about visible improvements in financial intermediation. The paper concludes that regardless of the progress achieved in recent years, deficiencies in the reform design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation. Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.
Sequencing Financial Sector Reforms
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1991-03-15
Total Pages: 412
ISBN-13: 9781557757791
DOWNLOAD EBOOKFinancial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Finance, Financial Sector Policies, and Long-run Growth
Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
Published: 2008
Total Pages: 82
ISBN-13:
DOWNLOAD EBOOKAbstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.
PRIVATE SAVINGS IN TRANSITION ECONOMICS: ARE THERE TERMS OF TRADE SHOCKS ?
Author: Abdur R. Chowdhury
Publisher:
Published: 2003
Total Pages: 39
ISBN-13:
DOWNLOAD EBOOKFinancial Repression is Knocking at the Door, Again
Author: Mr.Etibar Jafarov
Publisher: International Monetary Fund
Published: 2019-09-30
Total Pages: 66
ISBN-13: 151351248X
DOWNLOAD EBOOKFinancial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of the 1990s, as widespread support for interventionist policies gave way to a renewed conception of government as an impartial referee. Financial repression has come back on the agenda with the surge in public debt in the wake of the Global Financial Crisis, and some countries have reintroduced administrative ceilings on interest rates. By distorting market incentives and signals, financial repression induces losses from inefficiency and rent-seeking that are not easily quantified. This study attempts to assess some of these losses by estimating the impact of financial repression on growth using an updated index of interest rate controls covering 90 countries over 45 years. The results suggest that financial repression poses a significant drag on growth, which could amount to 0.4-0.7 percentage points.
