ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Bank Credit and the Economy

The role of bank credit and its distribution in mitigating the current macroeconomic malaise needs better recognition. Historical studies of the income-elasticity of demand for credit suggest that a sustained nominal bank credit expansion of 16 to 20 per cent, together with its proper distribution, is called for.

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