Financial Sector Reform and Monetary Policy in the Netherlands /

Financial sector liberalization, both domestic and in cross-border transactions, was a major force behind the gradual move to indirect controls and the shift toward full reliance on exchange rate targeting in the Netherlands. This paper analyzes the different steps in this process, discusses the mai...

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Autor principal: Hilbers, Paul
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1998.
Col·lecció:IMF Working Papers; Working Paper ; No. 1998/019
Accés en línia:Full text available on IMF
Descripció
Sumari:Financial sector liberalization, both domestic and in cross-border transactions, was a major force behind the gradual move to indirect controls and the shift toward full reliance on exchange rate targeting in the Netherlands. This paper analyzes the different steps in this process, discusses the main arguments behind the gradual approach, and draws lessons for other countries involved in this process. The paper argues that reforms in the financial sector, liberalization of the capital account, adjustments in supervision and regulation, and modernization of monetary management are strongly interrelated and should be part of a comprehensive reform strategy.
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Descripció física:1 online resource (29 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students