Financial Sector Inefficiencies and the Debt Laffer Curve

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 co...

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Bibliographic Details
Main Authors: Agénor, Pierre-Richard, Aizenman, Joshua
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
FINANCIAL INTERMEDIATION
DEBT MANAGEMENT
BANK CREDIT
COST OF CAPITAL
LOAN COLLATERAL
CONTRACT ENFORCEMENT
VERIFICATION MEASURES
PRODUCTIVITY
ECONOMYWIDE SCHEMES
LAFFER CURVE
OUTPUTS
WELFARE ECONOMICS
DEBT RELIEF
REFORM POLICY ACCOUNTING
ASYMMETRIC INFORMATION
BANK LENDING
BANK LOANS
BANKING SECTOR
BANKRUPTCY
BANKRUPTCY PROCEDURES
BORROWING
CAPITAL MARKETS
COAL
CONTAGION
CREDIT MARKETS
CREDITOR
CREDITORS
DEBT
DEBT OBLIGATIONS
DEBT OVERHANG
DEBT REDUCTION
DEBT REPAYMENT
DEBT SERVICE
DEBTORS
DEFAULT RISK
DEFAULTS
DEVELOPMENT ECONOMICS
DISCOUNT RATE
ECONOMETRIC ANALYSIS
ECONOMIC ACTIVITY
ECONOMIC EFFICIENCY
ECONOMIC RESEARCH
ECONOMIC THEORY
ECONOMISTS
EMPLOYMENT
EQUILIBRIUM
EXCHANGE RATE
EXPECTED VALUE
EXTERNAL DEBT
EXTERNALITIES
FACE VALUE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL SECTOR
FOREIGN BANKS
FOREIGN DEBT
GDP
GENERAL EQUILIBRIUM MODEL
ILLIQUIDITY
IMPORTS
INCENTIVE EFFECTS
INCOME
INEFFICIENCY
INTEREST RATE
LABOR COSTS
LENDING PRACTICES
LENDING RATES
MARKET INTEGRATION
MARKET VALUE
MICROECONOMICS
MORAL HAZARD
NET PROFIT
NONPERFORMING LOANS
PRIVATE BANKING
PRIVATIZATION
PROBABILITY OF DEFAULT
PRODUCERS
PRODUCTION FUNCTION
REPAYMENT
RISK PREMIUM
SAVINGS
TIME SERIES
TRANSITION ECONOMIES
VALUE OF OUTPUT
WEALTH
WELFARE GAINS
WORKING CAPITAL
Online Access:http://documents.worldbank.org/curated/en/2002/05/1790966/financial-sector-inefficiencies-debt-laffer-curve
http://hdl.handle.net/10986/14799

Internet

http://documents.worldbank.org/curated/en/2002/05/1790966/financial-sector-inefficiencies-debt-laffer-curve
http://hdl.handle.net/10986/14799

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