Interest Rate Policies in Developing CountriesInternational Monetary Fund, 31 ott 1983 - 36 pagine In recent years, the appropriate level and structure of interest tates have come to be seen as major issues in connection with stabilization programs undertaken by members. These issues arise from consideration both on the demand side, as interest rates affect the magnitude of aggregate demand, and on the supply side, as they influence the volume and quality of investment and, thus, the growth of output. |
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Interest Rate Policies in Developing Countries International Monetary Fund Anteprima non disponibile - 1983 |
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adjustment allocation Argentina authorities balance of payments banking sector banking system broad money capital inflows Chart consumer price index corrected for changes demand for domestic deposit rates domestic financial assets economic growth effect exchange rate expected rate financial institutions financial markets financial repression financial savings fiscal fixed investment foreign borrowing foreign currency foreign exchange reserves Fund staff estimates growth of real growth rates impact of interest income increase in interest inflation hedges inflationary interest rate policies interest rate reform interest rate repression International Financial Statistics International Monetary Fund low interest rates ment monetary and quasi-monetary negative real interest Nominal deposits nominal interest rates output growth positive real interest quasi-monetary deposits Rate and Growth Rate of growth rate of inflation rates of return real financial assets real interest rates real terms reduce repressed interest rates result Return on foreign savers savings deposits Selected Developing Countries stabilization program substantial tend Turkey