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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/426

タイトル: Do Foreign Currency Deposits Promote or Deter Financial Development in Low-Income Countries? An Empirical Analysis of Cross-Country Data
著者: Kubo, Koji
久保, 公二
キーワード: Developing countries
Money
Banks
Finance
Foreign currency deposits
Financial development
Low-income countries
Inflation
Dollarization
発展途上国
貨幣
銀行
金融
インフレーション
Issue Date: Jan-2007
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 87. 2007.1
抄録: Foreign currency deposits (FCD) are prevalent in many low-income developing countries, but their impact on bank lending has rarely been examined. An examination of cross-country data indicates that a higher proportion of FCD in total deposits is associated with growth in private credit only in inflationary circumstances (over 24 percent of the annual inflation rate). FCD can lead to a decline in private credit below this threshold level of inflation. Given that FCD exhibit persistence, deregulating them in low-income countries may do more harm than good on financial development in the long term, notably after successful containment of inflation.
URI: http://hdl.handle.net/2344/426
Appears in Collections:01.経済、産業(Economy and Industry)/複数地域(Interregional Studies)
04.IDE Discussion Paper

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