Building Sound Finance in Emerging Market Economies: Proceedings of a Conference Held in Washington, D.C., June 10-11, 1993

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Gerard Caprio, D. F. I. Folkerts-Landau, Timothy D. Lane
International Monetary Fund, Jun 15, 1994 - Business & Economics - 358 pages
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The 12 papers in this book, edited by Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, explore issues in building a financial structure suitable for economies in transition. They cover for main topics: the problem of old and new debts; the development of a sound and efficient payment system; the establishment of an appropriate financial structure; and the importance of credit in the development of the the real economy.
 

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Contents

Introduction
1
Financial and Enterprise Restructuring in Emerging
21
Dealing with Bad DebtsThe Case of Poland
51
Financial Underdevelopment and Macroeconomic
60
Payment System Reform in Formerly Centrally
91
The Russian Payment System
113
The Role of Financial Institutions in the Transition to
139
Revising Financial Sector Policy in Transitional
211
CommentGeorge G Kaufman
233
Credit Market Imperfections and Output Response
257
Koenig
331
List of Participants
357
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