Financial Reform: Theory and Experience PDF
489 Pages·1995·11.849 MB·English
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This study, the first to look at the analytics of and experience with financial reform, examines a number of issues: the relationship between the financial and real sectors, and how this behavior can affect the economy at large; the process of reform and the sequencing of various elements, including in particular the timing of opening of the capital account; the impact of financial reforms on the efficiency with which capital is allocated.
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