Annotation This paper reviews issues in the development of a market-based system of monetary control in developing countries. It focuses on the appropriate sequencing of financial reform that would facilitate the transition toward a market-based system and measures required to strengthen the effectiveness of market-based operations. the paper also assesses the effects of financial reform on the demand for money function and discusses the implications for policy formulation and implementation
Bibliography
Includes bibliographical references (pages 22-23)
Notes
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