A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the fac

The importance of the financial system in economic development has been frequently neglected by analysts and poorly understood by policymakers. Are there policy

This paper examines financial sector reforms in eight developing countries--Argentina, Bulgaria, Ecuador, Egypt, India, Kenya, Tanzania, and Uganda--and derives

Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not p