This book by Hassanali Mehran, Bernard Laurens, and Marc Quintyn brings together the papers presented at a seminar held in Beijing, China, in August 1995 and sp

This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Desp

Examines monetary and financial policies and their effects on rates of economic growth in developing countries and describes balanced assessment of the role of

China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stabili

The market-based interest rate reform remains a core part of China’s financial reforms, and an important topic of both theoretical and policy studies. This bo