Growth and Capital Flows with Risky Entrepreneurship /

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs to r...

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Podrobná bibliografie
Hlavní autor: Sandri, Damiano
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2010.
Edice:IMF Working Papers; Working Paper ; No. 2010/037
On-line přístup:Full text available on IMF

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