Interest rates, credit rationing, and investment in Developing countries /

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Bibliographic Details
Author / Creator:Nkusu, Mwanza, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2003.
Description:1 online resource (30 pages)
Language:English
Series:IMF working paper, 2227-8885 ; WP/03/63
IMF working paper ; WP/03/63.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497138
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. African Department.
ISBN:1451895127
9781451895124
1281600423
9781281600424
1462334873
9781462334872
9786613781116
6613781118
Notes:Includes bibliographical references (pages 28-30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary: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 emphasizes the importance of treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two rates is indicative of default risk and has a negative impact on incremental loan amounts associated with higher lending rates, in particular in economies with flawed institutions. The model presented in the paper highlights the importance of promoting macroeconomic stability and upgrading institutions and informational infrastructure.
Other form:Print version: Nkusu, Mwanza. Interest rates, credit rationing, and investment in Developing countries. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:10.5089/9781451895124.001

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520 |a 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 emphasizes the importance of treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two rates is indicative of default risk and has a negative impact on incremental loan amounts associated with higher lending rates, in particular in economies with flawed institutions. The model presented in the paper highlights the importance of promoting macroeconomic stability and upgrading institutions and informational infrastructure. 
588 0 |a Print version record. 
546 |a English. 
650 0 |a Bank loans  |z Developing countries  |x Effect of inflation on  |v Econometric models. 
650 0 |a Bank loans  |z Developing countries  |x Effect of interest rates on  |v Econometric models. 
650 0 |a Inflation (Finance)  |z Developing countries  |x Econometric models. 
650 0 |a Investments  |z Developing countries  |x Econometric models. 
650 0 |a Credit  |z Developing countries  |x Econometric models. 
650 0 |a Bank loans  |z Developing countries  |x Econometric models. 
650 6 |a Prêts bancaires  |z Pays en voie de développement  |x Modèles économétriques. 
650 6 |a Inflation  |z Pays en voie de développement  |x Modèles économétriques. 
650 6 |a Investissements  |z Pays en voie de développement  |x Modèles économétriques. 
650 6 |a Crédit  |z Pays en voie de développement  |x Modèles économétriques. 
650 7 |a Bank loans  |x Econometric models.  |2 fast  |0 (OCoLC)fst00826709 
650 7 |a Credit  |x Econometric models.  |2 fast  |0 (OCoLC)fst00882527 
650 7 |a Inflation (Finance)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00972453 
650 7 |a Investments  |x Econometric models.  |2 fast  |0 (OCoLC)fst00978254 
651 7 |a Developing countries.  |2 fast  |0 (OCoLC)fst01242969 
655 4 |a Electronic books. 
710 2 |a International Monetary Fund.  |b African Department.  |0 http://id.loc.gov/authorities/names/no93028933 
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830 0 |a IMF working paper ;  |v WP/03/63.  |0 http://id.loc.gov/authorities/names/no89010263 
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