Financial Sector Reform

Financial Sector Reform

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Soon after its declaration of independence, Lithuania launched a program of market-based economic reforms that achieved remarkable results. However, a banking crisis erupted in January 1996, driven by a combination of ineffective bank supervision, poor bank practices, and deep-rooted sectoral imbalances. With financial support from the World Bank, Lithuanian authorities embarked on a broad economic reform program with two immediate objectives: the resolution of the banking system's operational and undercapitalization problems, and a reduction in the most severe imbalances in the economy. Volume I (see ordering information below) distills findings and conclusions and builds a policy action plan for fast stable growth. Volume II contains a collection of twelve policy notes that provide the technical analysis behind that plan. Also available: Volume II/Analytical Backgroung(ISBN 0-8213-4327-0) Stock no. 14327.Viewpoint Note 123, World Bank Group Finance, Private Sector and Infrastructure Network. ... Policy Research Working Paper 1739, World Bank, Policy Research Department, Finance and Private Sector Development Division, Washington, anbsp;...

Title:Financial Sector Reform
Author: N. Mathieu
Publisher:World Bank Publications - 1998

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