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Market-Base Systems of Monetary Control in Developing Countries: Operating Procedures and Related Issues

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  • Chorng-Huey Wong

Abstract

This paper reviews issues in the development of a market-based system of monetary control in the context of financial reform in developing countries. It discusses the appropriate sequencing of financial reform measures that would facilitate the transition toward a market-based system. The paper also assesses the effects of financial reform on the demand for money function and stresses the importance of developing up-to-date economic indicators for policy formulation and implementation in the situation of unstable money demand.

Suggested Citation

  • Chorng-Huey Wong, 1991. "Market-Base Systems of Monetary Control in Developing Countries: Operating Procedures and Related Issues," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ12.
    • Handle: RePEc:sea:opaper:occ12
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    File URL: http://www.seacen.org/GUI/pdf/publications/occasional/1991/OP12.pdf
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    Cited by:

    1. SI Ikhide & AA Alwode, 2002. "On The Sequencing Of Financial Liberalisation In Nigeria," South African Journal of Economics, Economic Society of South Africa, vol. 70(1), pages 95-127, March.

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