Money Demand, Bank Credit, and Economic Performance in Former Socialist Economies /

This paper examines factors determining the allocation of bank credit to the enterprise sector, and the implications of this allocation for aggregate supply and macro-economic performance, in the former socialist economies. It first develops a model to explain how changes in demand for money by the...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Kumar, Manmohan
מחברים אחרים: Calvo, Guillermo
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 1994.
סדרה:IMF Working Papers; Working Paper ; No. 1994/003
גישה מקוונת:Full text available on IMF
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100 1 |a Kumar, Manmohan. 
245 1 0 |a Money Demand, Bank Credit, and Economic Performance in Former Socialist Economies /  |c Manmohan Kumar, Guillermo Calvo. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1994. 
300 |a 1 online resource (48 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines factors determining the allocation of bank credit to the enterprise sector, and the implications of this allocation for aggregate supply and macro-economic performance, in the former socialist economies. It first develops a model to explain how changes in demand for money by the household sector directly influence the availability of working capital, which in turn determines aggregate output and employment. It then examines factors influencing the allocation of bank credit between enterprises and other borrowers, in particular the government. Finally, the paper discusses relative merits of bank finance and equity capital in financing medium- and long-term investment, and constraints on the development of efficient equity markets. 
538 |a Mode of access: Internet 
700 1 |a Calvo, Guillermo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/003 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/003/001.1994.issue-003-en.xml  |z IMF e-Library