Occasional Papers

Interest Rate Policies in Developing Countries

Publication Date:

October 31, 1983

Summary:

In recent years, the appropriate level and structure of interest tates have come to be seen as major issues in connection with stabilization programs undertaken by members. These issues arise from consideration both on the demand side, as interest rates affect the magnitude of aggregate demand, and on the supply side, as they influence the volume and quality of investment and, thus, the growth of output.

Series:

Occasional Paper No. 1983/008

Subject:

Capital inflows Central bank policy rate Credit Financial services Inflation Interest rate policy Monetary policy Money Prices Real interest rates