TY  - BOOK
AU  - Bossone,Biagio
AU  - Sarr,Abdourahmane
TI  - A new financial system for poverty reduction and growth
T2  - IMF working paper
U1  - 332.7 21
PY  - 2002///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - ALIVIO DE LA POBREZA
KW  - CREDITO BANCARIO
KW  - MITIGACION DE LA POBREZA
KW  - REDUCCION DE LA POBREZA
N1  - Bibliografía: p. 40-42
N2  - Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing to a number of structural constraints. We argue that separating inside money creation from lending, and distributing it on a nonlending basis to depositors through specialized payment service institutions, could broaden access to financial resources, fuel non-inflationary, demand-led growth; and foster financial deepening, diversification, and stability. We also argue that the proposed reform is consistent with market incentives and sound economic management
UR  - http://www.imf.org/external/pubs/ft/wp/2002/wp02178.pdf
ER  -