For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
Author Biography:
VAROUJ AIVAZIAN Professor, Department of Economics and Faculty of Management, University of Toronto, Canada MELVIN AYOGU Head, Department of Accounting and Management Sciences, University of Jos, Nigeria EROL M. BALKAN Associate Professor of Economics, Hamilton College, Clinton, New York GUILLERMO CALVO Distinguished University Professor and Director of the Centre for International Economics, University of Maryland, College Park, and Francisco Soldati Professor of Economics, Universidad Torcuato Di Tella, Buenos Aires, Argentina CARLOS CASACUBERTA Associate Researcher, Centro de Investigaciones Economicas (CINVE) CHIDOZIE EMENUGA Department of Economics, University of Ibadan FERNANDO LORENZO Senior Researcher, Centro de Investigaciones Economicas (CINVE) ANWAR NASUTION Professor of Economics, University of Indonesia, Jakarta NELSON NOYA Senior Researcher, Centro de Investigaciones Economicas (CINVE), Montevideo, Uruguay JAMES POWELL Deputy Chief of the Bank of Canada's International Department GUILLERMO ROZENWURCEL Professor in Advanced Macroeconomics and Monetary Economics, School of Economics, University of Buenos Aires RODNEY SCHMIDT Economist responsible for Central and Eastern Europe, Government of Canada's Department of Finance, Ottawa KUNAL SEN Associate Professor, Department of Applied and International Economics, Massey University, New Zealand LUCIO M. SIMPSON Professor of Money, Credit and Banking, School of Economics, University of Buenos Aires CHARLES SOLUDO Department of economics, University of Nigeria, Nsukka RAJENDRA R. VAIDYA Assistant Professor, Indira Gandhi Institute of Development Research, Mumbia, India A. ERINC YELDAN Associate Professor of Economics, Bilkent University, Ankara, Turkey.
