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--...

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Bibliographic Details
Main Author: Kinoshita, Noriaki
Other Authors: McLoughlin, Cameron
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/160
Online Access:Full text available on IMF