Building sound finance in emerging market economies1994

The papers presented during the conference, which are collected in this volume, provoked lively and thoughtful discussion--a good part of which is included here--on a wide range of issues. These include methods of dealing with the legacy of bad debts, the appropriate design of payment system, fostering a financial structure best suited to the changing landscape that will characterize transitional economies over the next decade, and an analysis of disruptions in credit supply that have been seen in some economies in transition.