Date Published:
Jun 01, 1984
Staff Papers
Focus Area(s):
SP 1984-04

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.

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