Revue d'économie et de statistique appliquée
Volume 11, Numéro 2, Pages 380-390
2014-12-31
Interest Rate Liberalization In Developing Countries: The Algerian Experience
Authors : Lakhlef Athmane . Boubellouta Bilal .
Abstract
In the second half of the 1980s, several developing countries abandoned financial repression regime and instead introduced interest rates liberalization as framework for the conduct of monetary policy. In this paper, we analyzed the Algerian experience. The conclusion from the analysis is that Algerian public banks still need more financial restructuring, but the key challenge lies in restructuring their operations to make them attractive to private sector. The public bank should be privatized and continue enhancing banking supervision and implementing structural reforms to develop and promote diversification of financial market.
Keywords
Interest Rate Liberalization, Developing Countries, Algeria, financial repression, Financial Liberalization.
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