Fiscal Policy and Financial Development

Fiscal Policy and Financial Development
We examine the effects of public sector borrowing from the domestic banking system on financial development in middle-income countries. While these countries' external debt has been falling, the share of bank credit absorbed by the public sector has been rising rapidly. We argue that this runs the risk of slowing financial development by... READ MORE...

Publication date: January 2006
ISBN 9781451862867
$15.00

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