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 & 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).
- 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.
- Tony Addison & Philippe Le Billon & S. Mansoob Murshed, 2001.
"Finance in conflict and reconstruction,"
Journal of International Development,
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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).
- M. Brownbridge & C. Kirkpatrick, 2000. "Financial Regulation in Developing Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 37(1), pages 1-24, October.
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