Payment intermediaries

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  • p 01-01-1970   Download

  • It is important to note that the requirements for sustainability condi- tions vary by subsection because they are inherently different. In par- ticular, these requirements to create sustainability may be more difficult to achieve in practice in water and sanitation, in drainage, and in the transportation subprojects than they are in building schools or clinics.

    pdf20p thangbienthai 23-11-2012 22 5   Download

  • In this view of the saving-investment nexus, aggregate credit expansion comes before saving. The process of credit-expansion here starts with the wish of an entrepreneur to get some means of payment to invest into some new equipment or simply to buy intermediary products or hire workers in order to star, expand or start production. The financial system with the support of the central bank then expands the money supply ex nihilo (“out of nothing”) and lends the newly created liquidity to the firms.

    pdf68p enterroi 01-02-2013 25 5   Download

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