A framework for the analysis of financial reforms and the cost of official safety nets /

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Bibliographic Details
Author / Creator:Isard, Peter, author.
Imprint:[Washington, D.C.?] : International Monetary Fund, Research Department, [1992]
Description:1 online resource (iii, 67 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/92/31
IMF working paper ; WP/92/31.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496701
Hidden Bibliographic Details
Other authors / contributors:Mathieson, Donald J., author.
ISBN:1455213020
9781455213023
146238739X
9781462387397
1455267627
9781455267620
1281089109
9781281089106
9786613774569
6613774561
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.
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.
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]
Standard no.:10.5089/9781455213023.001

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100 1 |a Isard, Peter,  |e author.  |0 http://id.loc.gov/authorities/names/n78012074 
245 1 2 |a A framework for the analysis of financial reforms and the cost of official safety nets /  |c prepared by Peter Isard, Donald J. Mathieson, and Liliana Rojas-Suárez. 
260 |a [Washington, D.C.?] :  |b International Monetary Fund, Research Department,  |c [1992] 
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588 0 |a Print version record. 
520 3 |a 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. 
546 |a English. 
650 0 |a Finance  |z Developing countries  |x Econometric models. 
650 0 |a Banks and banking  |z Developing countries  |x Econometric models. 
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650 0 |a Bonds.  |0 http://id.loc.gov/authorities/subjects/sh85015509 
650 6 |a Finances publiques. 
650 6 |a Obligations (Valeurs) 
650 7 |a bonds (negotiable instruments)  |2 aat 
650 7 |a Banks and banking  |x Econometric models.  |2 fast  |0 (OCoLC)fst00826918 
650 7 |a Finance  |x Econometric models.  |2 fast  |0 (OCoLC)fst00924377 
651 7 |a Developing countries.  |2 fast  |0 (OCoLC)fst01242969 
700 1 |a Mathieson, Donald J.,  |e author.  |0 http://id.loc.gov/authorities/names/n81143776 
776 0 8 |i Print version:  |a Isard, Peter.  |t Framework for the analysis of financial reforms and the cost of official safety nets.  |d [Washington, D.C.?] : International Monetary Fund, [1992]  |w (OCoLC)26656009 
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