Building sound finance in emerging market economies / Edited by Gerard Caprio, David Folkerts-Landau and Timothy D. Lane ; foreword Michel Camdessus.

Proceedings of a Conference held in Washington, D.C. june 10-11, 1993.

Foreword, v -- Acknowledgments, vii -- 1. Introduction / Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, 1 -- Part I. Old and new debts, 21 -- 2. Financial and enterprise restructuring in emerging market economies / Steven M. Fries and Timothy D. Lane, 21 -- 3. Dealing with bad debts-the case of Poland / Stefan Kawalec, Slawomir Sikora, and Piotr Rymaszewski, 51 -- 4. Financial underdevelopment and macroeconomic stabilization in Russia / Barry W. Ickes and Randi Ryterman, 60 -- Part II. The central bank and the payment system, 91 -- 5. Payment system reform in formerly centrally planned economies / David Folkerts-Landau, Peter Garber, and Timothy D. Lane, 91 -- 6. The Russian payment system / Bruce J. Summers, 113 -- Part III. Creating a sound financial structure, 137 -- 7. The role of financial institutions in the transition to a market economy / Hans J. Blommestein and Michael G. Spencer, 139 -- 8. Strengthening the Russian banking system: the international standard banks program / Millard F. Long and Samuel H. Talley, 195 -- 9. Revising financial sector policy in transitional socialist economies: will universal banks prove viable? / David H. Scott, 211 -- 10. Lessons from bank privatization in Mexico / Guillermo Barnes, 238 -- Part IV. Credit provision in transitional economies, 257 -- 11. Credit market imperfections and output response in previously centrally planned economies / Guillermo A. Calvo and Fabrizio Coricelli, 257 -- 12. China's collective and private enterprises: growth and Its financing / Shahid Yusuf, 298 -- Part V. Roundtable on financial reforms and Their implementation / Manuel Guitián, Ian Plenderleith, Salvatore Zecchini, 335 -- List of participants, 357.