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Reflections on credit policy in developing countries: its effects on international investment.

By:

Dailami, Mansoor; Guigale, Marcelo

Material type:

TextSeries: Working Papers Series No. 654Publication details: Washington : World Bank, 1991.Subject(s):

Credit Policy
Foreign investment -- Developing countries -- Loans. -- Foreign investment -- Developing countries -- Loans. -- Foreign investment -- Developing countries -- Loans

Summary: Outlines the joint effects of both the volume of credit and its price, and its relevance to firm's investment decision so that effective credit policy in developing countries must take into account the influence of both the credit supply and the interest rate, not just one or another.

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Outlines the joint effects of both the volume of credit and its price, and its relevance to firm's investment decision so that effective credit policy in developing countries must take into account the influence of both the credit supply and the interest rate, not just one or another.

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