High real interest rates under financial liberalization: is there a problem?, Issues 93-97
International Monetary Fund, 1993 - Business & Economics - 88 pages
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Argentina associated authorities Balino behavior Bolivia Brazil Cameroon capital inflows Central Bank Chile Colombia Costa Rica Cote d'Ivoire deposit interest rates deposit rate Growth distress borrowing economic growth exchange rate depreciation exchange rate risk financial institutions financial liberalization financial markets financial sector financial system fiscal Galbis government debt high real interest Increase Increase inflationary expectations interest rate ceilings interest rate factor interest rate freedom interest rate liberalization Investment rate Jamaica Korea liberalization of interest loans macroeconomic Malaysia Mauritius Mexico moderate negative real Nigeria o o o O6 Oo OO 6O OO O6 percent Philippines positive real interest positive real levels problem prudential regulation rata rata rata rate of inflation rates under financial Real deposit rate real interest rates real lending rates real terms result sample stabilization and structural structural reform substantial Thailand Turkey U.S. dollar Uruguay Venezuela