Hidden Bibliographic Details
| Other authors / contributors: | Mathieson, Donald J., author.
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| ISBN: | 1455213020
9781455213023
146238739X
9781462387397
1455267627
9781455267620
1281089109
9781281089106
9786613774569
6613774561
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| Notes: | Includes bibliographical references (pages 67-68).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper builds a multiperiod, general equilibrium framework for analyzing the macroeconomic effects of financial reforms in developing countries and the costs of maintaining official safety nets under the financial system during such reforms. While a financial liberalization yields efficiency gains, adverse macroeconomic effects can arise if the creditworthiness of the nonfinancial sector is weak. In this situation, financial liberalization may also increase the authorities' expected deposit insurance funding obligations even with strong prudential supervision. Moreover, given the distortions in a repressed financial system, an increase in the required bank capital-asset ratio may increase the funding obligations associated with deposit insurance, particularly when the debt-servicing capacity of nonfinancial firms is low.
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| Other form: | Print version: Isard, Peter. Framework for the analysis of financial reforms and the cost of official safety nets. [Washington, D.C.?] : International Monetary Fund, [1992]
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| Standard no.: | 10.5089/9781455213023.001
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