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Inflation and indivisible investment in developing economies (English)

Abstract

In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment as it increases... See More +

Details

  • Eden, Maya; Nguyen, Ha;
  • 2014/07/01
  • Policy Research Working Paper
  • WPS6972
  • 1
  • 1
  • World
  • The World Region
  • 2014/07/01
  • Inflation and indivisible investment in developing economies
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