Sequencing of Financial Sector Reforms: A Review

Author/Editor:

Vicente Galbis

Publication Date:

September 1, 1994

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.

Series:

Working Paper No. 1994/101

Subject:

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

English

Publication Date:

September 1, 1994

ISBN/ISSN:

9781451852462/1018-5941

Stock No:

WPIEA1011994

Pages:

32

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