Fiscal deficits,monetary reform and inflation stabilization in romania |
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| Authors: | Nina Budina Sweder Van Wijnbergen |
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| Affiliation: | 1. World Bank, Research Department , The opinions expressed are entirely those of the authors and do not necessarily represent the views of the World Bank , 1818 H Street NW, Washington, DC, USA;2. University of Amsterdam, LSE and CEPR Roeterstraat 11, Amsterdam, WB, 1018, The Netherlands |
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| Abstract: | Developing countries have witnessed an increase in foreign bank participation during the last decade. Using bank level data for the period 1991–2001, we examine the influence of foreign banks on the financing of small firms in Tanzania. Despite dominating the banking sector, results suggest that the financing of small firms by foreign banks is insignificant compared to domestic banks. Clearly, there is a need for a new approach to policy that will encourage significant foreign bank lending to small firms. |
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| Keywords: | Fiscal deficits Public debt Money demand Seigniorage |
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