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|SP 1984-04||Development Finance and State Banking: A Survey of Experience|
|Tan, Edita A.|
Governments in modern time which are attempting to accelerate economic growth may choose from several sources of finance – taxes, private saving, foreign borrowing and central bank credit or inflation. This paper, however, focuses on rediscounting as a major social credit control. It attempts to show its serious disadvantages in Korea, Pakistan, Philippines and Thailand. Some policy implications from the analysis are generated.
|keywords:||money and banking,financial sector,financial system,banking system,financial intermediaries|
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