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Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies

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  • Tony Addison
  • Alemayehu Geda
  • Philippe Le Billon
  • S Mansoob Murshed

Abstract

Reconstructing the financial system in countries affected by violent conflict is crucial to successful and broad-based recovery. Particularly important tasks include: currency reform, rebuilding (or creating) central banks, revitalising the banking sector, and strengthening prudential supervision and regulation. Encouragement of private capital into the banking sector must be balanced by protection of the public interest, a task made more difficult by the nature of war-to-peace transition. Bank crises can destabilise economies in recovery from war, and their fiscal burden takes resources away from development and poverty spending - thereby threatening 'post-conflict' reconstruction itself.

Suggested Citation

  • Tony Addison & Alemayehu Geda & Philippe Le Billon & S Mansoob Murshed, 2005. "Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies," Journal of Development Studies, Taylor & Francis Journals, vol. 41(4), pages 703-718.
  • Handle: RePEc:taf:jdevst:v:41:y:2005:i:4:p:703-718
    DOI: 10.1080/00220380500092861
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    References listed on IDEAS

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    1. Tony Addison & Philippe Le Billon & S. Mansoob Murshed, 2001. "Finance in conflict and reconstruction," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(7), pages 951-964.
    2. Addison, Tony & Geda, Alemayehu, 2001. "Ethiopia's New Financial Sector and Its Regulation," WIDER Working Paper Series 055, World Institute for Development Economic Research (UNU-WIDER).
    3. M. Brownbridge & C. Kirkpatrick, 2000. "Financial Regulation in Developing Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 37(1), pages 1-24, October.
    4. Addison, Tony & Chowdhury, Abdur R. & Murshed, S. Mansoob, 2002. "By How Much Does Conflict Reduce Financial Development?," WIDER Working Paper Series 048, World Institute for Development Economic Research (UNU-WIDER).
    5. Dunne, Paul, 1990. "The Political Economy of Military Expenditure: An Introduction," Cambridge Journal of Economics, Oxford University Press, vol. 14(4), pages 395-404, December.
    6. Hansson, Gote, 2001. "Building New States: Lessons from Eritrea," WIDER Working Paper Series 066, World Institute for Development Economic Research (UNU-WIDER).
    7. Jamil A. Mubarak, 2002. "A Case of Private Supply of Money in Stateless Somalia," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 11(3), pages 309-325, September.
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    Cited by:

    1. Syed Mansoob Murshed, 2007. "The conflict-growth nexus and the poverty of nations," Working Papers 43, United Nations, Department of Economics and Social Affairs.
    2. Tony Addison, 2015. "Thirty years in Africa.s development: From structural adjustment to structural transformation?," WIDER Working Paper Series 119, World Institute for Development Economic Research (UNU-WIDER).
    3. Hicks Michael J. & Smith Jeff, 2009. "Warfare, Civil Conflict and the Spatial Impacts on Domestic Investment: Evidence from South America, 1950-2000," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(1), pages 1-14, November.

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