Financial sector inefficiencies and the debt Laffer curve

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 low...

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Bibliographic Details
Main Author: Agénor, Pierre-Richard
Corporate Author: Banco Mundial
Other Authors: Aizenman, Joshua
Format: Book
Published: Washington, D.C. Banco Mundial 2002
Series:Policy research working paper no. 2842
Subjects: