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and New Techniques
The Intervention Syndrome
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aggregate agriculture bank credit banking system borrowers Brazil capital accumulation capital market central bank Chapter Chile commercial commodities consumer cost currency deflation devaluation economy efficient equilibrium exchange rate export farmers financial growth financial repression firms foreign capital foreign exchange foreign trade fragmentation Hence holders holding money import substitution income increase industrial inputs internal Japan Keynesian Korea labor LDCs less developed countries liberalization loans marginal monetary system moneylenders neoclassical model nominal interest rate nominal money nominal rates optimal percent period physical capital poor countries production propensity to save rate of inflation rates of interest rates of return ratio real cash balances real money balances real rates real return real stock reduced reform restrictions return on holding return on money revenue rise rural savings deposits sector seigniorage self-finance stock of money store of value subsidy sumer supply tariff theory tion U.S. dollars