Enhancing Financial Sector Surveillance in Low-Income Countries - Background Paper

Nopic
This note provides an overview of the literature on the challenges posed by shallow financial systems for macroeconomic policy implementation. Countries with shallow markets are more likely to choose fixed exchange rates, less likely to use indirect measures as instruments of monetary policy, and to implement effective counter-cyclical fiscal... READ MORE...

Publication date: April 2012
ISBN 9781498340663
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