01802cas a2200241 a 4500 AALejournalIMF010101 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972160 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary Control Procedures and Financial Reform : Approaches, Issues, and Recent Experiences in Developing Countries. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (66 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 Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform their financial systems in support of growth and adjustment. This is because reform of those procedures increases the scope of monetary policy for stabilization purposes and allows for more flexible arrangements for setting interest rates and allocating credit that are necessary elements in improving resource mobilization and the efficiency of investment. This paper discusses the approaches to reforming monetary instruments, the issues in implementation, and experiences in developing countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/048/001.1989.issue-048-en.xml IMF e-Library