Kinoshita, Noriaki; McLoughlin, Cameron - International Monetary Fund (IMF) - 2012
the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that … with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in … monetization can be an important policy objective, particularly for low-income countries, and that monetary and financial sector …