IMF Working Papers

Sequencing of Financial Sector Reforms: A Review

By Vicente Galbis

September 1, 1994

Preview Citation

Format: Chicago

Vicente Galbis. Sequencing of Financial Sector Reforms: A Review, (USA: International Monetary Fund, 1994) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides a review of the literature on both analytical issues and country experiences on the sequencing of financial sector reforms. It discusses the choice between big-bang and gradual reforms, the relationship of financial sector reforms to other economic reforms, the internal sequencing of financial sector measures and the influence of initial conditions. It is concluded that a pragmatic approach to the sequencing issue is necessary as there are only a few general principles valid for all countries.

Subject: Economic sectors, Financial crises, Financial regulation and supervision, Financial sector, Financial sector reform, Monetary policy, Monetary policy instruments

Keywords: Capital liberalization, Financial institution, Financial liberalization, Financial sector, Financial sector reform, Interest rate, Interest rate liberalization, Liberalization, Liberalization measure, Liberalization process, Market, Market determination, Market distortion, Market equilibrium, Monetary policy instruments, Treasury bill market, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1994/101

  • Stock No:

    WPIEA1011994

  • ISBN:

    9781451852462

  • ISSN:

    1018-5941

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