Financial Frictions, Investment, and Institutions /

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii) requir...

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Bibliografiska uppgifter
Huvudupphovsman: Yafeh, Yishay
Övriga upphovsmän: Claessens, Stijn, Ueda, Kenichi
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Working Papers; Working Paper ; No. 2010/231
Länkar:Full text available on IMF