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150128 ||| eng |
020 |
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|a 9781451948110
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100 |
1 |
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|a Johnston, R.
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245 |
0 |
0 |
|a Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency
|c R. Johnston, Ceyla Pazarbasioglu
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1995
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300 |
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|a 32 pages
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Depository Institutions
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653 |
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|a Interest rates
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653 |
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|a General Aggregative Models: General
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653 |
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|a Commercial banks
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653 |
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|a Money and Interest Rates: General
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Financial crises
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653 |
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|a Banks and banking
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653 |
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|a Financial sector reform
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653 |
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|a Real interest rates
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653 |
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|a General Financial Markets: Government Policy and Regulation
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653 |
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|a Micro Finance Institutions
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653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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653 |
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|a Mortgages
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653 |
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|a Banks and Banking
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Financial services industry
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653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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653 |
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|a Banking
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653 |
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|a Financial sector development
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Financial Risk Management
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653 |
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|a Financial services law & regulation
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653 |
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|a Finance: General
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653 |
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|a Financial Crises
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700 |
1 |
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|a Pazarbasioglu, Ceyla
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451948110.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1995/103/001.1995.issue-103-en.xml?cid=1144-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that financial reforms have structural effects; that financial variables and reforms are important determinants of economic performance; that the impact depends on whether countries did or did not face a financial crisis; and that the “quality” of financial sector reform matters
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