Enhancing Financial Sector Surveillance in Low-Income Countries : Background Paper.
This note provides an overview of the literature on the challenges posed by shallow financial systems for macroeconomic policy implementation. Countries with shallow markets are more likely to choose fixed exchange rates, less likely to use indirect measures as instruments of monetary policy, and to...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Серии: | Policy Papers; Policy Paper ;
No. 2012/025 |
| Online-ссылка: | Full text available on IMF |