Series: IMF Working Papers
Author(s): Philipp Rother
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1999
Keywords: financial intermediation, transition economies, reserve requirements, financial sector, financial intermediaries, financial system
This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multipl...