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150128 ||| eng |
020 |
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|a 9781451848441
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100 |
1 |
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|a Nkusu, Mwanza
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245 |
0 |
0 |
|a Interest Rates, Credit Rationing, and Investment in Developing Countries
|c Mwanza Nkusu
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2003
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300 |
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|a 31 pages
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651 |
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4 |
|a United States
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653 |
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|a Shadow Economy
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653 |
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|a Depository Institutions
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653 |
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|a Currencies
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653 |
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|a Financial institutions
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653 |
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|a Formal and Informal Sectors
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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 Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Banks
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653 |
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|a Credit
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653 |
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|a Money and Monetary Policy
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653 |
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|a Regimes
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653 |
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|a Bank credit
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653 |
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|a Standards
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653 |
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|a Finance
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653 |
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|a Interest rates
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653 |
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|a Banks and Banking
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653 |
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|a Mortgages
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653 |
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|a Government and the Monetary System
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653 |
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|a Monetary Policy
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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 Institutional Arrangements
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653 |
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|a Money
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653 |
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|a Payment Systems
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653 |
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|a Micro Finance Institutions
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653 |
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|a Loans
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653 |
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|a Industries: Financial Services
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653 |
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|a Fiscal and Monetary Policy in Development
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653 |
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|a Deposit rates
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653 |
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|a Monetary economics
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653 |
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|a Financial services
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653 |
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|a Monetary Systems
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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 10.5089/9781451848441.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2003/063/001.2003.issue-063-en.xml?cid=16330-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 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
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