Financial Reform: Theory and Experience - Couverture souple

 
9780521574242: Financial Reform: Theory and Experience

Synopsis

This study is the first to look at the analytics of and experience with financial reform, in examples drawn mostly from the developing world.

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Présentation de l'éditeur

This book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved resource allocation - an a priori belief not hitherto tested. This finding is consistent with the argument that efforts in developing countries to maximize efficiency resource utilization cannot be underestimated in their importance. There are three key lessons that suggest the crucial nature of managing the process rather than adopting a laissez-faire approach. First, more successful reform must take account of information capital; second, initial conditions in balance sheets, human and information capital, and incentive systems are fundamental in determining how to go about reform; and third, that different sequences of reforms can be tolerated and, with certain preconditions, do well.

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Autres éditions populaires du même titre

9780521465625: Financial Reform: Theory and Experience

Edition présentée

ISBN 10 :  0521465621 ISBN 13 :  9780521465625
Editeur : Cambridge University Press, 1995
Couverture rigide