The authors analyze the implications of inefficient financial intermediation for dbt management, using a model in which firms rely on bank credit to finance their working capital needs, and, lenders face a high state verification and enforcement costs of loan contracts. Their analysis shows that lower expected productivity, higher contract enforcement, and verification costs, or higher volatility of productivity shocks may shift the economy to the...
انظر المزيد
تفاصيل
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2002/5/31
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ورقة عمل خاصة ببحوث السياسات
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WPS2842
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1
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1
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2010/7/01
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Financial sector inefficiencies and the debt Laffer curve
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initial debt
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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