Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies
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.
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Volume (Year): 41 (2005)
Issue (Month): 4 ()
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References listed on IDEAS
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- Addison, Tony & Le Billon, Philippe & Murshed, S. Mansoob, 2001.
"Finance in Conflict and Reconstruction,"
Working Paper Series
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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- Hansson, Gote, 2001. "Building New States: Lessons from Eritrea," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Addison, Tony & Chowdhury, Abdur R. & Murshed, S. Mansoob, 2002. "By How Much Does Conflict Reduce Financial Development?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Addison, Tony & Geda, Alemayehu, 2001. "Ethiopia's New Financial Sector and Its Regulation," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- 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.
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