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100   $a20111102d2012      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aMonetization in low- and middle-income countries$b[electronic resource] /$fprepared by Cameron McLoughlin and Noriaki Kinoshita
210   $aWashington $cInternational Monetary Fund$d2012
215   $a1 online resource (25 p.)
225 0 $aIMF working paper ;$v12/160
300   $aDescription based upon print version of record.
311   $a1-4755-0465-9 
311   $a1-4755-8711-2 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; II. Review of the Literature; A. Macroeconomic Factors Affecting Monetization; B. The Impact of Financial Sector Reforms on Financial Deepening; C. Economic Growth Effects of Financial Sector Development; III. Empirical Analysis; A. The Model and Data; B. Estimation Methodology; C. Estimation Results; IV. Conclusions; Figures; 1. Mean Monetization Ratio: Average, 1973-2005; 2. Monetization Ratio, 1970-2005; Table; 1. Descriptive Statistics; 2. Summary Statistics and Regional Means; 3. Results of Pedroni Cointegration Tests (2004); 4. Pairwise Correlations
327   $a5. Main Results: Multivariate RegressionsData Appendix Tables; A.1. Low-and Middle-Income Countries; A.2. Data Sources; References
330   $aThe degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP-- in low- to middle-income countries is significantly correlated with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in monetization can be an important policy objective, particularly for low-income countries, and that monetary and financia
410  0$aIMF Working Papers
606   $aMoney$zDeveloping countries
606   $aFinancial institutions$xManagement
608   $aElectronic books.
615  0$aMoney
615  0$aFinancial institutions$xManagement.
700   $aMcLoughlin$b Cameron$0929503
701   $aKinoshita$b Noriaki$0929504
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910462218703321
996   $aMonetization in low- and middle-income countries$92089422
997   $aUNINA