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Sequencing of Financial Sector Reforms: A Review

Author

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  • Vicente Galbis

Abstract

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.

Suggested Citation

  • Vicente Galbis, 1994. "Sequencing of Financial Sector Reforms: A Review," IMF Working Papers 1994/101, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1994/101
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    Cited by:

    1. Lyons, Robert & Rausser, Gordon & Simon, Leo, 1996. "Putty-Clay Politics in Transition Economies," CUDARE Working Papers 198638, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Wojcicka Karolina, 2016. "The Relationship Between Concentration of the Banking Sector in Poland and Its Soundness," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 12(4), pages 43-57, December.
    3. Fasano-Filho, Ugo, 1996. "Economic policy making in sub-Saharan Africa and IMF involvement," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(Supplemen), pages 115-151.
    4. Muyambiri, Brian & Odhiambo, Nicholas Mbaya, 2017. "Investment dynamics in Mauritius: Does financial development matter?," Working Papers 22077, University of South Africa, Department of Economics.
    5. Yongding, Yu, 2014. "How Far Can Renminbi Internationalization Go?," ADBI Working Papers 461, Asian Development Bank Institute.

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