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Market-Base Systems of Monetary Control in Developing Countries: Operating Procedures and Related Issues

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  • Chorng-Huey Wong
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    Abstract

    This paper reviews issues in the development of a market-based system of monetary control in the context of financial reform in developing countries. It discusses the appropriate sequencing of financial reform measures that would facilitate the transition toward a market-based system. The paper also assesses the effects of financial reform on the demand for money function and stresses the importance of developing up-to-date economic indicators for policy formulation and implementation in the situation of unstable money demand.

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    File URL: http://www.seacen.org/GUI/pdf/publications/occasional/1991/OP12.pdf
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    Bibliographic Info

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    This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Occasional Papers with number occ12 and published in 1991.

    ISBN: 983-9553-53-4
    Handle: RePEc:sea:opaper:occ12

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