An OED study, Financial Sector Reform : A Review of World Bank Assistance, March 1998 by Nicolas Mathieu, endorses an emerging wisdom -sectoral reform is a long, complex process that requires a sustained commitment by the Bank. As the Asian crisis continues to unfold, the Bank needs to acquire a deeper understanding of the dynamics of sectoral reform. The track record suggests, in fact, that financial reform has fallen on hard times-both across countries and at the Bank. The study found, for example, that in only 12 of 23 sample countries can the outcomes of financial sector policy and/or institutional reform be deemed satisfactory
Details
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Author
Mathieu, Nicolas
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Document Date
1998/06/01
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Document Type
Brief
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Report Number
27787
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2004/03/25
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Disclosure Status
Disclosed
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Doc Name
La reforma del sector financiero
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Keywords
financial sector reform;per capita income;lines of credit;financial fragility;interest rate deregulation;banking system;successful financial;financial structure;financial sector policy;recapitalization of bank;constraints to growth;savings and investment;extent of competition;financial intermediary loans;adaptable program loan;world financial market;prudential regulation;incentive system;macroeconomic indicator;financial crisis;sectoral reform;financial reform;bank management;moral imperative;regional operation;adequate information;direct credit;financial distortions;subsidized credit;cross-country experience;financial infrastructure;bank restructuring;resource mobilization;net worth;Banking Supervision;portfolio quality;reform effort;governance issue;risk exposure;financial system;supervisory framework;real sector;conceptual approach;sectoral development;reform process;structural adjustment;reform outcomes;capital adequacy;privatization plan;rapid change;Macroeconomic Stability;operational design;asian crisis;foreign exchange;enabling conditions;financial integration;prudential framework;financial deregulation;information service;accounting framework;auditing system;Banking Law;support policy;
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Citation
Mathieu, Nicolas
Financial sector reform : La reforma del sector financiero (Spanish). OED precis ; no. 166 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/314811468141272581/La-reforma-del-sector-financiero