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Monetization in low- and middle-income countries /
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
Ã2012.
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| Colección: | IMF working paper ;
WP/12/160. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP-- in low- to middle-income countries is significantly correlated with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in monetization can be an important policy objective, particularly for low-income countries, and that monetary and financial sector policies need to be conducive to enhancing monetization. |
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| Notas: | Title from PDF title page (IMF Web site, viewed June 25, 2012). "African Department." "June 2012." |
| Descripción Física: | 1 online resource (23 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1475504659 9781475504651 1475583176 9781475583175 |