登入選單
返回Google圖書搜尋
Monetization in Low- and Middle-Income Countries
Mr.Cameron McLoughlinMr.Noriaki Kinoshita
出版International Monetary Fund, 2012-06-01
主題Business & Economics / Banks & BankingBusiness & Economics / Finance / GeneralBusiness & Economics / Inflation
ISBN14755831769781475583175
URLhttp://books.google.com.hk/books?id=ooez0pKAy4IC&hl=&source=gbs_api
EBookSAMPLE
註釋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.