| Description |
1 online resource (iii, 27 pages) |
| Series |
IMF working paper, 2227-8885 ; 95/103 |
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IMF working paper ; 95/103.
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| Summary |
Annotation This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. the results indicate that financial reforms have structural effects; that financial variables and reforms are important determinants of economic performance; that the impact depends on whether countries did or did not face a financial crisis; and that the quality of financial sector reform matters |
| Bibliography |
Includes bibliographical references (pages 25-27) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Monetary policy.
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Economic development -- Effect of monetary policy on
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Economic development.
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Finance.
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economic development.
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finance.
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Finance.
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Economic development.
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Monetary policy.
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MONETARY ANALYSIS.
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FINANCE.
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ECONOMIC GROWTH.
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| Form |
Electronic book
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| Author |
Pazarbaşioğlu, Ceyla, author.
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International Monetary Fund. Monetary and Exchange Affairs Department, issuing body.
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| ISBN |
1455260509 |
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9781455260508 |
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1462309585 |
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9781462309580 |
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