TY  - BOOK
AU  - Turtelboom,Bart
TI  - Interest Rate Liberalization: Some Lessons From Africa 
T2  - IMF Working Papers; Working Paper
SN  - 1451939183 :
SN  - 1018-5941
PY  - 1991///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking
KW  - imf
KW  - Deposit Rates
KW  - Financial Institutions
KW  - Financial Liberalization
KW  - Financial Sector
KW  - Gambia, The
KW  - Ghana
KW  - Malawi
N2  - This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors-macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information-explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system
UR  - http://elibrary.imf.org/view/IMF001/03638-9781451939187/03638-9781451939187/03638-9781451939187.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451939187
ER  -