01818cas a2200253 a 4500 AALejournalIMF000124 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854558 1018-5941 BD-DhAAL BD-DhAAL Pill, Huw. Financial Indicators and Financial Change in Africa and Asia / Huw Pill, Mahmood Pradhan. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (54 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 Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered unstable by the liberalization process. However, other, carefully selected financial aggregates may contain information about economic activity that is useful to policy makers during stabilization. Data from a group of selected African and Asian countries is examined. These are broadly consistent with the predictions of the model, while highlighting the importance of macroeconomic and financial stability for the success of financial reforms. Mode of access: Internet Pradhan, Mahmood. IMF Working Papers; Working Paper ; No. 1995/123 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/123/001.1995.issue-123-en.xml IMF e-Library