Liquid Asset Ratios and Financial Sector Reform

Released on by Ms.Anne Marie Gulde
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  • Liquid Asset Ratios and Financial Sector Reform Book Detail

  • Author : Ms.Anne Marie Gulde
  • Release Date : 1997-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 63
  • ISBN 13 : 1451856407
  • File Size : 50,50 MB
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Liquid Asset Ratios and Financial Sector Reform by Ms.Anne Marie Gulde PDF Summary

Book Description: As a monetary, selective credit, and government debt-management instrument, a liquid asset ratio is generally inefficient and may introduce serious distortions. However, it may play a limited role as a prudential instrument, particularly in less sophisticated banking systems or in the context of currency board arrangements. Recent trends in the use of this instrument have been to either abolish it altogether or to design it so as to minimize distortions. When necessary, these changes have been part of a broader effort to make financial intermediation more efficient by relying more on markets and less on regulations.

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