This paper examines the impact of the World Bank on the financial markets and developing countries. The sound financial structure of the Bank rests on its conservative loan-to-capital ratio. Its large liquidity is an assurance to investors in Bank bonds that their investments are assured of liquidity in case the need arises. To cope with their payments difficulties, the heavily indebted developing countries have adopted more cautious fiscal and monetary policies, limited wage increases, and reduced domestic consumption and investment.
| ISBN: | 9781463981044 |
| Publication date: | 1st September 1984 |
| Author: | International Monetary Fund |
| Publisher: | International Monetary Fund |
| Format: | Ebook |
This paper examines the impact of the World Bank on the financial markets and developing countries. The sound financial structure of the Bank rests on its conservative loan-to-capital ratio. Its large liquidity is an assurance to investors in Bank bonds that their investments are assured of liquidity in case the need arises. To cope with their payments difficulties, the heavily indebted developing countries have adopted more cautious fiscal and monetary policies, limited wage increases, and reduced domestic consumption and investment.
Finance & Development, September 1984 is available in Ebook
Finance & Development, September 1984 was written by International Monetary Fund and published by International Monetary Fund