Financial Sector Reform and Monetary Policy in the Netherlands

February 1, 1998

Preview Citation

Format: Chicago

Paul Louis Ceriel Hilbers. Financial Sector Reform and Monetary Policy in the Netherlands, (USA: International Monetary Fund, 1998) accessed September 19, 2024

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

Financial sector liberalization, both domestic and in cross-border transactions, was a major force behind the gradual move to indirect controls and the shift toward full reliance on exchange rate targeting in the Netherlands. This paper analyzes the different steps in this process, discusses the main arguments behind the gradual approach, and draws lessons for other countries involved in this process. The paper argues that reforms in the financial sector, liberalization of the capital account, adjustments in supervision and regulation, and modernization of monetary management are strongly interrelated and should be part of a comprehensive reform strategy.

Subject: Banking, Credit, Credit ceilings, Credit controls, Exchange rates, Financial markets, Foreign exchange, Monetary expansion, Monetary policy, Money, Money markets

Keywords: Cash reserves, Credit, Credit ceiling, Credit controls, Credit restriction, Exchange bureau, Exchange rates, Financial Sector, Global, Market orientation, Monetary expansion, Monetary Policy, Money market policy, Money markets, Netherlands, WP

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/019
Stock No:

WPIEA0191998
ISBN:

9781451922585
ISSN:

1018-5941

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