Liquid Asset Ratios and Financial Sector Reform

Liquid Asset Ratios and Financial Sector Reform
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... READ MORE...

Publication date: October 1997
ISBN 9781451856408
$15.00

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