A New Financial System for Poverty Reduction and Growth /

Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing to...

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Detalles Bibliográficos
Autor principal: Bossone, Biaggio
Otros Autores: Sarr, Abdourahmane
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2002.
Colección:IMF Working Papers; Working Paper ; No. 2002/178
Acceso en línea:Full text available on IMF
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245 1 2 |a A New Financial System for Poverty Reduction and Growth /  |c Biaggio Bossone, Abdourahmane Sarr. 
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300 |a 1 online resource (43 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 Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing to a number of structural constraints. We argue that separating inside money creation from lending, and distributing it on a nonlending basis to depositors through specialized payment service institutions, could broaden access to financial resources, fuel non-inflationary, demand-led growth; and foster financial deepening, diversification, and stability. We also argue that the proposed reform is consistent with market incentives and sound economic management. 
538 |a Mode of access: Internet 
700 1 |a Sarr, Abdourahmane. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/178 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/178/001.2002.issue-178-en.xml  |z IMF e-Library