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...
Main Authors: | Claessens, Stijn, Kose, M. Ayhan |
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Format: | Working Paper |
Language: | English |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/336871511879910570/Macroeconomic-implications-of-financial-imperfections-a-survey http://hdl.handle.net/10986/28921 |
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