01876cas a2200241 a 4500 AALejournalIMF000119 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928259 1018-5941 BD-DhAAL BD-DhAAL Galbis, Vicente. Financial Sector Reforms in Eight Countries : Issues and Results / Vicente Galbis. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (60 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines financial sector reforms in eight developing countries--Argentina, Bulgaria, Ecuador, Egypt, India, Kenya, Tanzania, and Uganda--and derives general lessons from their experience. The paper reviews the initial situation of these countries; describes the financial sector (and related) reforms carried out, including sequencing issues, and points out the unresolved questions; and examines the effects of reforms on monetary control and financial development, investment and growth and the efficiency of financial intermediation. The main recommendations are the need to persevere with macroeconomic stabilization through indirect monetary policy instruments, and the need to substantially strengthen prudential regulation and supervision and restructure and privatize or liquidate ailing financial institutions. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/141 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/141/001.1995.issue-141-en.xml IMF e-Library