FINANCIAL DEVELOPMENT: THEORIES AND RECENT EXPERIENCE
In: Oxford review of economic policy, Band 5, Heft 4, S. 13-28
ISSN: 1460-2121
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In: Oxford review of economic policy, Band 5, Heft 4, S. 13-28
ISSN: 1460-2121
In: ODTÜ gelişme dergisi / Orta Doǧu Teknik Üniversitesi, Iktisadi ve Idari Bilimler Fakültesi: METU studies in development / Middle East Technical University, Faculty of Economic and Administrative Sciences, Band 13, Heft 1, S. 95-116
ISSN: 1010-9935
World Affairs Online
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 10, Heft 12, S. 1049-1057
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 10, Heft 9, S. 731-750
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 10, Heft 9, S. 731-750
ISSN: 0305-750X
In: Journal of development economics, Band 8, Heft 2, S. 263-268
ISSN: 0304-3878
In: Journal of Monetary Economics, Band 8, Heft 2, S. 261-270
In: Journal of Monetary Economics, Band 6, Heft 4, S. 535-545
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 8, Heft 4, S. 317-327
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 8, Heft 4, S. 317-327
ISSN: 0305-750X
In: The Economic Journal, Band 89, Heft 355, S. 636
In: Growth and change: a journal of urban and regional policy, Band 10, Heft 2, S. 17-21
ISSN: 1468-2257
In: Journal of development economics, Band 5, Heft 4, S. 399-402
ISSN: 0304-3878
In: The Pakistan development review: PDR, Band 17, Heft 1, S. 66-88
The phenomenon of administrative controls designed to segment
credit markets is not only widespread in less developed countries, but
is prevalent in highly sophisticated forms in most Soviet-type
economies.1 The rationale behind these controls lies in the fact that in
planned or semi-planned economies investment programmes are prepared as
disaggregated sectoral totals, usually broken down further by projects.
Monetary policy can be of little assistance in realizing these sectoral
plans, but some form of financial planning which relies on segmented
credit markets is available for such a task. In particular, manipulation
of the financial system by direct controls can be employed in order to
direct funds into the planned investment projects and to prevent them
from being used to finance unplanned investments. A common way of doing
this is to set maximum interest rates below market equilibrium levels
and then to ration credit on the basis of the planned priorities.
Differential rediscount rates and other incentives can be used to
encourage private financial insti¬tutions to lend in accordance with
these planning objectives.
In: The journal of development studies, Band 13, Heft 3, S. 272-274
ISSN: 1743-9140