Documents & Reports

Dysfunctional finance : positive shocks and negative outcomes (English)

Abstract

This paper shows how badly a market economy may respond to a positive productivity shock in an environment with asymmetric information about project quality: some, all, or even more than all the benefits from the increase in productivity may be dissipated... See More +

Details

  • Hoff, Karla;
  • 2010/01/01
  • Policy Research Working Paper
  • WPS5183
  • 1
  • 1
  • World
  • The World Region
  • 2010/07/01
  • Dysfunctional finance : positive shocks and negative outcomes
See More +

Downloads

Complete Report in English

Official version of document (may contain signatures, etc)

*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation