Assuming that liquidity constraints exist in most developing countries, the majority of analysts believe that increasing real interest rates will raise the volume of lending and hence private investment. The author, focusing on the demand for capital goods, argues that the positive effect on the domestic credit market may be offset by the negative effect of a portfolio shift from capital goods and public bonds into monetary assets. The author also...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1991/07/31
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Рабочий документ в рамках исследования вопросов политики
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WPS717
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1
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1
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2010/07/01
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Does financial liberalization really improve private investment in developing countries?
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private investment
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