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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- 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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- 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.
- 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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