Financial Sector Reform and Central Banking in Centrally Planned Economies PDF Download

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451939566
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more efficient framework for monetary management, and to provide greater autonomy to central banks in macro stabilization policies. These objectives call for a coordinated approach to strengthening a wide range of central banking functions simultaneously, and require that a core mass of supporting financial sector reforms be implemented to ensure effective transformation and stabilization with minimal transitional costs.

Author: Patrick Downes
Publisher: International Monetary Fund
ISBN: 1455240605
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
Central Banks should enjoy a fair degree of autonomy in pursuing price stability to promote long-run growth and prosperity. This volume, edited by Patrick Downes and Reza Vaez-Zadeh, contains the papers presented at the fifth IMF seminar on central banking issues in November 1990. The theme was the interdependence of central bank functions and the role of central bank autonomy.

Author: Mario I. Blejer
Publisher: World Bank Publications
ISBN:
Category : Sector financiero - Hungria
Languages : en
Pages : 31

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Book Description

Author: N. Mathieu
Publisher: World Bank Publications
ISBN: 9780821342916
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
Soon after its declaration of independence, Lithuania launched a program of market-based economic reforms that achieved remarkable results. However, a banking crisis erupted in January 1996, driven by a combination of ineffective bank supervision, poor bank practices, and deep-rooted sectoral imbalances. With financial support from the World Bank, Lithuanian authorities embarked on a broad economic reform program with two immediate objectives: the resolution of the banking system's operational and undercapitalization problems, and a reduction in the most severe imbalances in the economy. Volume I (see ordering information below) distills findings and conclusions and builds a policy action plan for fast stable growth. Volume II contains a collection of twelve policy notes that provide the technical analysis behind that plan. Also available: Volume II/Analytical Backgroung(ISBN 0-8213-4327-0) Stock no. 14327.

Author: Feng Wei
Publisher: Mohr Siebeck
ISBN: 9783825845551
Category : Business & Economics
Languages : en
Pages : 334

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Book Description
" The book is a problem-oriented study of China's financial sector in the transitional process since 1979. It provides deep and precise insights into the characteristics and problems of China's financial sector with respect to investment finance, the central banking and commercial banking systems, the financial market, and the legal and institutional framework of bank supervision in China. More importantly, the book has also proposed workable strategies for resolving two acute problems: interest rate liberalization and solving the issue of non-performing loans in China's banking system. The recent financial crisis in Asia is also a subject of the book, especially as regards its effects on the banking sector, stock markets, and extemal financial market liberalization in China. Furthermore, a projection is made about the trends in Chinese economic policies, particularly the interest rate policy, the exchange rate policy, and the fiscal policy, and about the perspectives of China's financial sector reform. This book is a valuable reference for academic researchers, investors, business managers, and policy-makers who are concemed with China's banking and financial system. "

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451855559
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector.

Author: A. W. Mullineux
Publisher: Nova Biomedical Books
ISBN:
Category : Europe, Eastern
Languages : en
Pages : 278

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Book Description
The first part of this book consists of seven chapters which draw lessons for the transforming economies from the experiences of EC member countries (including, Eastern Germany), the U.S., and South-East Asian 'Pacific Rim' countries. The second part of the book contains a further six chapters which focus on the experiences of Poland in the early phase of its transition with regard to privatisation, the microeconomic impact of monetary policy and banking sector reform, and draws lessons for other transforming economies.

Author: Haiqun Yang
Publisher: Palgrave Macmillan
ISBN: 9780312127244
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
This book analyses the advantages and disadvantages of banking system reforms, with particular reference to centrally planned economies. It examines, too, the functions of the banking system during the transition period, and whether it is possible to stabilise the economy through the banking system. Banking and Financial Control reviews the banking reforms and the economic and financial problems faced by banks in China and Hungary. After a theoretical and critical exposition of models of banking, monitoring and corporate control, it assesses the financial disorders following radical reforms and critically reviews some established theories and views.

Author: Mr.Michael G. Spencer
Publisher: International Monetary Fund
ISBN: 1451849656
Category : Business & Economics
Languages : en
Pages : 50

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Book Description
Financial institutions intermediate between savers and investors and contribute to corporate governance. Equity and bond markets in the former centrally planned economies are not yet in a position adequately to provide these services. It is not yet clear that investment funds will provide the necessary financing and corporate management. Therefore the first priority for financial sector reforms must be to establish a healthy commercial banking sector. Banks are the most promising source of financing, provide payment services which are crucial to both the real and financial sectors and, by monitoring the use of loaned funds, will be the primary source of corporate governance during the transformation to a market economy.

Author: Mr.Piero Ugolini
Publisher: International Monetary Fund
ISBN: 9781557756022
Category : Business & Economics
Languages : en
Pages : 62

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Book Description
Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the monetary situation, and makes recommendations.