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

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Are High Interest Rate Policies Inevitable in LDCs

Inevitable in LDCs? Deena R Khatkhate This note examines whether the argument that interest rates should he higher in the less developed countries because the marginal productivity of capital is higher has any validity as a basis for pursuing high interest rate policies in these countries.

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