The development policy concept of governmental raising of interest rates to positive levels as a means of influencing financial sector performance is reviewed and questioned here in light of the experience of ten developing countries. The paper shows that in nine of the ten countries, two different results occurred as a result of governmental intervention in interest rates. The first outcome shows low inflation and mildly negative real rates which...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1986/06/30
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Рабочий документ департамента
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IAF14
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1
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1
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2010/07/01
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Disclosed
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Review of interest rate policies in selected developing countries 1970-1982
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real rate
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