Credit to the Government: Central Bank Operation and its Relation to Growth
Chapter
Abstract
How systematically do central banks operate in developing countries? What is the relation between central bank credit creation to government financial demand and economic growth? Answers to these two questions form the subject matter of this chapter.
Keywords
Monetary Policy Central Bank Real Exchange Rate Reaction Function World Development Indicator
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 2001