The book provides a multifaceted approach to understanding the origin, nature and resolution of the banking crisis in Nigeria. Unlike studies that focus only on technical criteria, the contributors examine theoretical, empirical, institutional, political economy and policy dimensions. Moreover, unlike case studies that focus on a single country, the volume compares liberalization in Nigeria to other regions demonstrating links to the financial crisis in Asia, Latin America and elsewhere. They emphasize the importance of understanding financial liberalization in its broader embedded context and the need to tailor financial reform to the conditions and capacities of specific developing and transitional countries including Nigeria.

K.S. ADEYEMI Assistant General Manager, Union Bank of Nigeria Plc S.O. ALASHI Director, Nigerian Deposit Insurance Corporation HA-JOON CHANG Lecturer, Faculty of Economics and Politics, University of Cambridge MACHIKO NISSANKE Senior Lecturer, School of Oriental and African Studies, University of London HONG-JAE PARK Hyundai Motors, Korea STEVEN ROSEFIELDE Professor of Economics, University of North Carolina, Chapel Hill ADEDOYIN SOYIBO Professor of Economics, University of Ibadan LEONARDO VERA Assistant Professor of Macroeconomics, Central University, Venezuela CHUL-GYUE YOO Professor, Seong Gong Hoe University, Seoul, Korea.