01776cas a2200241 a 4500 AALejournalIMF010153 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451927603 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries : Strategies for Financial Reforms. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (34 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 identifies macroeconomic stability, effective bank supervision, and an appropriate sequencing of stabilization, banking regulations, and interest rate policies as common characteristics of the relatively successful experiments in financial sector liberalization. Recent theoretical developments help to explain why interest rates in free markets for bank credit may fall short of market-clearing levels, or may rise to risky levels with adverse consequences for financial institutions and the economy at large. To prevent such outcomes, macro-economic stabilization and improved bank supervision should generally precede complete removal of control on bank interest rates. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/008 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/008/001.1990.issue-008-en.xml IMF e-Library