A New Financial System for Poverty Reduction and Growth

A New Financial System for Poverty Reduction and Growth
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing to a number of structural constraints. We argue... READ MORE...

Publication date: October 2002
ISBN 9781451858969
$15.00

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