Series: IMF Working Papers
Author(s): Mwanza Nkusu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2003
Keywords: institutions, bank loans, macroeconomic stability, inflation, bank credit, banking, Financial Markets and the Macroeconomy, Fiscal and Monetary Policy in Development,
This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that mimics the financial sectors prevailing in most low-income developing countries. The paper emphasi...