Toward a Growth-Oriented Model of Financial Programming.

This paper extends the basic monetary model that underlies the monetary approach to the balance of payments to allow for the endogenous determination of the short-run growth rate of the economy. In the extended model domestic credit expansion affects not only the balance of payments but also the out...

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Dades bibliogràfiques
Autor corporatiu: International Monetary Fund
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1987.
Col·lecció:IMF Working Papers; Working Paper ; No. 1987/010
Accés en línia:Full text available on IMF
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245 1 0 |a Toward a Growth-Oriented Model of Financial Programming. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1987. 
300 |a 1 online resource (62 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 extends the basic monetary model that underlies the monetary approach to the balance of payments to allow for the endogenous determination of the short-run growth rate of the economy. In the extended model domestic credit expansion affects not only the balance of payments but also the output growth rate, which bears implications for the formulation of credit ceilings. Furthermore, the amount of external financing can influence both the output growth rate and the balance of payments outcome, unlike with the basic model. An integrated treatment of exchange rate adjustment involving both absorption and elasticity effects is provided. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1987/010 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1987/010/001.1987.issue-010-en.xml  |z IMF e-Library