Titlebook: Experiences with Financial Liberalization; Kanhaya L. Gupta (Professor of Economics) Book 1997 Springer Science+Business Media New York 19

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Book 1997erica, Central and Eastern Europe, and the Middle East. Aggregativeeconometric studies cannot substitute for country-wide studies inallowing the researcher to draw lessons for the future, and thisvolume adds to this relatively small body of literature.

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From Financial Repression to Liberalization managed monetary policy characterized by repressive financial practices followed by a liberal one. What happened in Senegal, and elsewhere, would seem to suggest that reversing policies over a period of time does not necessarily lead to a corresponding reversal in the performance of the economy in

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Financial Repression and Seigniorage in Ghanaociated with government’s sovereign monopoly in issuing fiat money. Following the definition of seigniorage by many economists—for example, Blanchard and Fischer (1990)—the total seigniorage revenue is defined to consist of inflation tax, which is the rate of inflation multiplied by the real money s