IMF Staff papers : Volume 2 No. 3.
This paper focuses on the relation of inflation to economic development. Due to the inadequacy of savings and the difficulty of directing them into productive investment, there is a strong temptation to raise the level of investment by expanding bank credit-that is, by inflation. In most low-income...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1952.
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| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 1952/002 |
| Online Access: | Full text available on IMF |