Financial Reform: Theory and Experience - Hardcover

 
9780521465625: Financial Reform: Theory and Experience
Hardcover
ISBN 10: 0521465621 ISBN 13: 9780521465625
Verlag: Cambridge University Press, 1995

Inhaltsangabe

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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Reseña del editor

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.

Reseña del editor

This book examines the analytical basis and practical experience of financial reforms in a number of countries, primarily developing nations. 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 of resource utilization cannot be underestimated in their importance. Three key lessons suggest the importance of managing the reform process rather than adopting a laissez-faire approach: first, more successful reform must take account of information capital; second, initial conditions in finance - balance sheets, human and information capital, and incentive systems - are fundamental in determining how to go about reform; and third, different sequences of reforms can be tolerated and, with certain preconditions, do well.

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Verlag
Cambridge University Press
Erscheinungsdatum
1995
Sprache
Englisch
ISBN 10 
0521465621
ISBN 13 
9780521465625
Einband
Tapa dura
Anzahl der Seiten
492
Herausgeber
Caprio Jr Gerard, Atiyas Izak, Hanson James A.
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Avery
https://www.avery.fr/

chemin des peupliers 27
Dardilly
Frankreich

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