ABSTRACT

Monetary policy in developing countries is largely based on a system introduced in the 1960s. Emancipating the Banking System and Developing Markets for Government Debt illustrates how this outdated system has led to financial repression and suggests some alternatives. Maxwell Fry is one of the leading experts in this area. His book will provide a

part |1 pages

Part I Introduction and Debt-Deficit Dynamics

part |1 pages

Part II Captive and Foreign Markets

chapter 3|17 pages

The Central Bank and Inflationary Finance

chapter 4|31 pages

Financial Repression

chapter 5|14 pages

Foreign Debt Accumulation

part |1 pages

Part III Developing Voluntary Domestic Markets

chapter 6|32 pages

Prerequisites, Persuasion and Pitfalls

chapter 7|16 pages

The Players and the Markets

chapter 8|11 pages

Roles for the Central Bank