Financial sector inefficiencies and the debt Laffer curve (English)

The authors analyze the implications of inefficient financial intermediation for dbt management, using a model in which firms rely on bank credit to finance their working capital needs, and, lenders face a high state verification and enforcement costs of loan contracts. Their analysis shows that lower expected productivity, higher contract enforcement, and verification costs, or higher volatility of productivity shocks may shift the economy to the...

DETAILS

Author

Agenor, Pierre-Richard;

Aizenman, Joshua;
Document Date
2002/05/31
Document Type
Policy Research Working Paper
Report Number
WPS2842
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Financial sector inefficiencies and the debt Laffer curve
Keywords
initial debt

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 908
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Agenor, Pierre-Richard; Aizenman, Joshua.

Financial sector inefficiencies and the debt Laffer curve (English). Policy, Research working paper ; no. WPS 2842 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/446751468766465011

Financial sector inefficiencies and the debt Laffer curve (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

SUBSCRIBE TO EMAIL ALERTS