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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 /$fprepared by Cameron McLoughlin and Noriaki Kinoshita
205   $a1st ed.
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 3 $aThe degree of an economy?s monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP-- in low- to middle-income countries is significantly correlated with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in monetization can be an important policy objective, particularly for low-income countries, and that monetary and financial sector policies need to be conducive to enhancing monetization.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2012/160
606   $aMoney$zDeveloping countries
606   $aFinancial institutions$xManagement
615  0$aMoney
615  0$aFinancial institutions$xManagement.
676   $a332.1/52
700   $aMcLoughlin$b Cameron$01659136
701   $aKinoshita$b Noriaki$01604277
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910822662303321
996   $aMonetization in Low- and Middle-Income Countries$94013657
997   $aUNINA