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Financial sector inefficiencies and coordination failures : implications for crisis management / Pierre-Richard Agénor, Joshua Aizenman

Von: Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: Policy research working paper ; 2185Verlag: Washington, DC : World Bank, World Bank Institute, Economic Policy and Poverty Reduction, [1999]Beschreibung: Online-Ressource (20, [3] p) : ill ; 28 cmSchlagwörter: Andere physische Formen: Agénor, Pierre-Richard: Financial sector inefficiencies and coordination failures LOC-Klassifikation:
  • HG3881.5.W57
Online-Ressourcen: Andere physische Formen: Also available in print.Zusammenfassung: In a country where financial intermediation is highly inefficient (with the enforcement costs of loan contracts very high, for example), or in one experiencing great volatility and large adverse shocks in output, the likelihood of an inefficient equilibrium is great. In East Asia it may be in the interests of both debtors and creditors to collectively reduce the face value of debt, to reduce inefficiencies in the financial sectorPPN: PPN: 724197222Package identifier: Produktsigel: GBV-wba | ZDB-1-WBA | ZDB-110-WBL
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