01710cas a2200241 a 4500 AALejournalIMF001395 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842364 1018-5941 BD-DhAAL BD-DhAAL Galbis, Vicente. High Real Interest Rates Under Financial Liberalization : Is there a Problem? / Vicente Galbis. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (94 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 Concerns were raised beginning in the 1980s about the possible detrimental effects of high positive real interest rates under financial liberalization. Using a sample of 28 countries that underwent financial liberalization since the 1970s, the paper examines the evidence about the emergence of high real interest rates and discusses the possible causes and likely effects. Some remedies--preferably preventive--are considered including macroeconormic stabilization, fiscal consolidation, improvements in prudential regulation and supervision of the financial sector, and introduction of an efficient management of indirect monetary policy instruments. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/007/001.1993.issue-007-en.xml IMF e-Library