Brief contents: introduction and overview: the case for liberalization and some drawbacks; robust financial restraint; how interets rates changed under liberalization: a statistical review; financial liberalization and financial fragility; financial restraints and liberalization in postwar europe; the role of poorly phased liberalization in Korea's financial crisis; interest rate spreads in mexico during liberalization; the financial sector in transition: tables of sucess and failure; Indonesia and India: contrasting approaches to repression and liberalization; reforming finance in alow income country: Uganda.