Emancipating the Banking System and Developing Markets

Published in association with the Bank of England, this text assesses the damaging effects of financing government deficits through inflationary finance, financial repression and excessive foreign borrowing. This is supported by a practical guide to developing voluntary domestic markets for government debts. Much of the material in this last section of the book is based upon the response to questionnaires sent to central banks in Ghana, Indiam Malaysia, Mexicom New Zealand, Sri Lanka and Zimbabwe.