Macroeconomic Implications of Financial Imperfections : A Survey

Macroeconomic Implications of Financial Imperfections : A Survey

This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect macroeconomic outcomes. The first channel, w...

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Bibliographic Details
Main Authors: Claessens, Stijn, Kose, M. Ayhan
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2017
Subjects:
ASSET PRICES
BALANCE SHEETS
CREDIT
FINANCIAL INTERMEDIATION
FINANCIAL LINKAGES
LIQUIDITY
OUTPUT
FINANCIAL ACCELERATOR
ECONOMIC SHOCKS
Online Access:http://documents.worldbank.org/curated/en/336871511879910570/Macroeconomic-implications-of-financial-imperfections-a-survey
http://hdl.handle.net/10986/28921

Internet

http://documents.worldbank.org/curated/en/336871511879910570/Macroeconomic-implications-of-financial-imperfections-a-survey
http://hdl.handle.net/10986/28921

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