Financial Frictions, Investment, and Institutions

Financial Frictions, Investment, and Institutions
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii) required return at the country level. We empirically... READ MORE...

Publication date: October 2010
ISBN 9781455209316
$18.00

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Publication date: October 2010

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Publication date: October 2010

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