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

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Policy research working paper ; 2185Publisher: Washington, DC : World Bank, World Bank Institute, Economic Policy and Poverty Reduction, [1999]Description: Online-Ressource (20, [3] p) : ill ; 28 cmSubject(s): Additional physical formats: Agénor, Pierre-Richard: Financial sector inefficiencies and coordination failures LOC classification:
  • HG3881.5.W57
Online resources: Additional physical formats: Also available in print.Summary: 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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