01755cas a2200253 a 4500 AALejournalIMF011945 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475504651 1018-5941 BD-DhAAL BD-DhAAL Kinoshita, Noriaki. Monetization in Low- and Middle-Income Countries / Noriaki Kinoshita, Cameron McLoughlin. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP-- in low- to middle-income countries is significantly correlated 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 policies need to be conducive to enhancing monetization. Mode of access: Internet McLoughlin, Cameron. IMF Working Papers; Working Paper ; No. 2012/160 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/160/001.2012.issue-160-en.xml IMF e-Library