Interest Rate Policies in Developing Countries

International Monetary Fund

No 1983/008, IMF Occasional Papers from International Monetary Fund

Abstract: In recent years, the appropriate level and structure of interest tates have come to be seen as major issues in connection with stabilization programs undertaken by members. These issues arise from consideration both on the demand side, as interest rates affect the magnitude of aggregate demand, and on the supply side, as they influence the volume and quality of investment and, thus, the growth of output.

Keywords: OP; interest rate; interest rate reform; real interest rate; equilibrium interest rates; financial asset; interest rate repression; investment decision; repressed interest rates; Real interest rates; Interest rate policy; Central bank policy rate; Credit; Inflation; Africa (search for similar items in EconPapers)
Pages: 36
Date: 1983-10-31
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Citations: View citations in EconPapers (16)

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