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implications for the destination, profitability, and quality of bank lending and the limited evolution of the financial system … development of fintechs. Entrenched incumbency of banks has limited the role of non-bank operators in fostering market …
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macroprudential policies and capital flow management measures to better manage systemic risks …
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Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial repression while maintaining macroeconomic stability...
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