Financial and Fiscal Sector Reforms in Asian Countries

In the late seventies and eighties fiscal and financial sector reforms have been an integral and complementary part of the overall structural reform of the economies in several Asian countries. Apart from the obvious need to increase the efficiency of operations in the financial sector, including attempts to improve the efficiency and productivity of the real sector of the economy, reforms in the financial sector were also called for to make that sector capable of serving the emerging multiple needs of the growing real sector…