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This paper develops a mechanism that links the combined monetary and financial role of intermediaries to the division of labor and endogenous growth. The model builds on an augmented Ramsey Cass Koopmans (RCK) model of optimal growth. First, by relaxing the assumption that each agent buys and...
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policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find …
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Financial System Development and Monetary Policy -- Evolution of Monetary Policy Implementation in Rwanda … -- Development of the Monetary Policy Framework in Rwanda Monetary Transmission Mechanism in Rwanda -- Monetary Policy Communication … at the National Bank of Rwanda -- Appendices. . …
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