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SP 1984-04: Development Finance and State Banking: A Survey of Experience

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.

Philippine Institute for Development Studies
Authors Keywords
Tan, Edita A.; money and banking; financial sector; financial system; banking system; financial intermediaries;
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Published in 1984 and available in the PIDS Library or can be downloaded as full text Downloaded 666 times since November 25, 2011