The high commercial lending rates Nicaragua is currently experiencing, together with a perceived scarcity of credit, have often been blamed for the country's slow growth and have been considered a major failing of the adjustment program initiated in 1991. The author insists that such blame is largely misplaced. Current interest rates are indeed higher than historical levels or international benchmark rates (such as LIBOR or the U.S. treasury bill...
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INFORMATION
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1995/11/30
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Document de travail de recherche sur les politiques
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WPS1529
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1
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1
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2010/07/01
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Interest rates, credit, and economic adjustment in Nicaragua
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real interest rate