Finance and the Real Economy

Issues and Case Studies in Developing Countries

The present volume contains six papers on financial-policy issues and country experiences, presented at a joint ECLAC/UNU-WIDER/UNCTAD seminar held at ECLAC headquarters in Santiago, Chile, on 5-6 October 1992. In the first, Yilmaz Akyuz discusses key issues in financial liberalization. Next, Alice Amsden analyses East Asian financial policies, pondering the reasons why there is so much effective government intervention. Machiko Nissanke then addresses savings and financial-policy issues in Sub-Saharan Africa. Afterwards, Donald Hanna assesses the Indonesian experience with financial-sector reform, followed by Andras Uthoff's study of pension-system reforms and Giinther Held's study of bank regulations, liberalization and financial instability in Latin America and Caribbean countries.