Please use this identifier to cite or link to this item:
Seibel, Hans Dieter
Year of Publication: 
Series/Report no.: 
Working paper / University of Cologne, Development Research Center 1994,2
Regulating the financial system through restrictions on foreign exchange, interest rate controls and constraints imposed on financial institutions have been among the principal instruments of financial repression in low-income countries. In recent years, many have taken to deregulation, but mostly in response to donor persuasion and pressure rather than conviction. Unpopular political regimes have found it difficult to get over their initial hardship period which the restructuring of a whole economy and its financial system entails. The Nigerian Government, in a populist gesture, has just succumbed to the temptations of re-regulation. Commercial banks are hard hit. Small farmers and microentrepreneurs are among the first victims
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.