Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies

Journal of Development Studies 41(4):703-718. (2005) DOI: 10.1080/00220380500092861

Posted: 28 Oct 2014

See all articles by Tony Addison

Tony Addison

United Nations University

Alemayehu Geda

Independent

Philippe Le Billon

University of British Columbia (UBC) - Department of Geography; University of British Columbia (UBC) - Liu Institute for Global Issues

Date Written: February 2005

Abstract

Reconstructing the financial system in countries affected by violent conflict is crucial to successful and broad-based recovery. Particularly important tasks include: currency reform, rebuilding (or creating) central banks, revitalising the banking sector, and strengthening prudential supervision and regulation. Encouragement of private capital into the banking sector must be balanced by protection of the public interest, a task made more difficult by the nature of war-to-peace transition. Bank crises can destabilise economies in recovery from war, and their fiscal burden takes resources away from development and poverty spending - thereby threatening 'post-conflict' reconstruction itself.

Suggested Citation

Addison, Tony and Geda, Alemayehu and Le Billon, Philippe, Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies (February 2005). Journal of Development Studies 41(4):703-718. (2005) DOI: 10.1080/00220380500092861 , Available at SSRN: https://ssrn.com/abstract=2515250

Tony Addison (Contact Author)

United Nations University ( email )

Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland

Alemayehu Geda

Independent

Philippe Le Billon

University of British Columbia (UBC) - Department of Geography ( email )

Canada

University of British Columbia (UBC) - Liu Institute for Global Issues

6476 NW Marine Drive
Vancouver, British Columbia V6T 1Z2
Canada

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