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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Bibliografiske detaljer
Hovedforfatter: Kinoshita, Noriaki
Andre forfattere: McLoughlin, Cameron
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2012.
Serier:IMF Working Papers; Working Paper ; No. 2012/160
Online adgang:Full text available on IMF
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245 1 0 |a Monetization in Low- and Middle-Income Countries /  |c Noriaki Kinoshita, Cameron McLoughlin. 
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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 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-- in low- to middle-income countries is significantly correlated with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in monetization can be an important policy objective, particularly for low-income countries, and that monetary and financial sector policies need to be conducive to enhancing monetization. 
538 |a Mode of access: Internet 
700 1 |a McLoughlin, Cameron. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/160 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/160/001.2012.issue-160-en.xml  |z IMF e-Library