Financial Resource Curse in Resource-Rich Countries /

Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main caus...

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Bibliographic Details
Main Author: Mlachila, Montfort
Other Authors: Ouedraogo, Rasmane
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/163
Online Access:Full text available on IMF