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Foreign currency deposits (FCD) are prevalent in many low-income developing countries, but their impact on bank lending has rarely been examined. An examination of cross-country data indicates that a higher proportion of FCD in total deposits is associated with growth in private credit only in...
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wages, directed lending and dollarization allow for studying implications of activist wage policy, state program lending …, and dollarization for macroeconomic stability and the strength of the policy transmission mechanism …
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