01701cas a2200241 a 4500 AALejournalIMF008011 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930788 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 37 No. 4. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (180 pages) IMF Staff 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 The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful indicators to assess the adequacy of interest rates and discusses factors that contribute to a smooth liberalization process. The main conclusion is that interest rate liberalization is not synonymous with laissez-faire policies, but requires the replacement of the administratively set interest rates by indirect monetary management techniques that operate through the market. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1990/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/1990/004/024.1990.issue-004-en.xml IMF e-Library