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

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  • Mr. Chorng-Huey Wong

Abstract

This paper reviews issues in the development of a market-based system of monetary control in developing countries. It focuses on the appropriate sequencing of financial reform that would facilitate the transition toward a market-based system and measures required to strengthen the effectiveness of market-based operations. The paper also assesses the effects of financial reform on the demand for money function and discusses the implications for policy formulation and implementation.

Suggested Citation

  • Mr. Chorng-Huey Wong, 1991. "Market-Based Systems of Monetary Control in Developing Countries: Operating Procedures and Related Issues," IMF Working Papers 1991/040, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/040
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    Cited by:

    1. SI Ikhide & AA Alwode, 2002. "On The Sequencing Of Financial Liberalisation In Nigeria," South African Journal of Economics, Economic Society of South Africa, vol. 70(1), pages 95-127, March.

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