search query: @indexterm Developing countries / total: 1274
reference: 144 / 1274
| Author: | Espinosa-Vega, M. A. Smith, B. D. Yip, C. K. |
| Title: | Monetary policy and government credit programs |
| Journal: | Journal of Financial Intermediation
2002 : JUL, VOL. 11:3, p. 232-268 |
| Index terms: | CREDIT CREDIT RATIONING DEVELOPING COUNTRIES FINANCIAL INTERMEDIARIES GOVERNMENT MONETARY POLICY |
| Language: | eng |
| Abstract: | Credit rationing is a common feature of most developing economies. In response to it, the governments of these countries often operate a number of programs intended to expand the supply of credit to the private sector. Expansionary monetary policy is often seen as a way of reducing the extent of credit rationing. The authors examine the consequences of a common policy tool in these economies: the use of expansionary monetary policy combined with direct central bank lending to inject credit. |
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