A new financial system for poverty reduction and growth /

Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing to...

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Bibliographic Details
Main Author: Bossone, Biagio
Other Authors: Sarr, Abdourahmane
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2002
Series:IMF working paper ; no. 02/178
Subjects:
Online Access:http://www.imf.org/external/pubs/ft/wp/2002/wp02178.pdf