Dysfunctional Finance : Positive Shocks and Negative Outcomes

Dysfunctional Finance : Positive Shocks and Negative Outcomes

This paper shows how badly a market economy may respond to a positive productivity shock in an environment with asymmetric information about project quality: some, all, or even more than all the benefits from the increase in productivity may be dis...

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Bibliographic Details
Main Author: Hoff, Karla
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCESS TO CREDIT
ADVERSE SELECTION
ALTERNATIVE USE
ASYMMETRIC INFORMATION
BANKRUPTCY
BANKRUPTCY LAWS
BANKS
BARRIERS TO ENTRY
BONDS
BORROWER
BUSINESS CYCLES
CAPITAL MARKET
CARTEL
COLLATERAL
DEBT
DEBT CONTRACT
DEBT FINANCE
DEFAULT PROBABILITY
DEFAULTS
DEMAND FOR CAPITAL
DEMAND FOR FUNDS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DISTRIBUTION OF INCOME
DISTRIBUTION OF WEALTH
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC STRUCTURE
ECONOMIC THEORY
ENTREPRENEUR
ENTREPRENEURS
EQUILIBRIUM
EXPECTED RETURN
EXPECTED VALUE
EXTERNALITIES
EXTERNALITY
FAIR
FINANCIAL FRAGILITY
FINANCIAL INTERMEDIARIES
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL SECTOR
FIXED COST
FRAUDS
HOLDING
IMPLICIT SUBSIDY
INCOME
INCOMPLETE MARKETS
INDIFFERENCE CURVES
INDUSTRIALIZATION
INEQUALITY
INFORMATIONAL ASYMMETRIES
INTEREST RATE
INTEREST RATE DECLINES
INTERNATIONAL BANK
INTERNATIONAL CAPITAL
INTERNATIONAL CAPITAL MARKETS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL MARKET
INVESTMENT FINANCE
INVESTMENT OPPORTUNITY
INVESTMENT PROCESS
INVESTMENT PROJECTS
LEVEL OF DEBT
LIMITED LIABILITY
LOAN
LYON
MACROECONOMICS
MARGINAL COST
MARGINAL PRODUCTIVITY
MARKET DEVELOPMENT
MARKET ECONOMY
MARKET EQUILIBRIUM
MARKET FAILURE
MARKET INTEREST RATE
MARKET MECHANISM
NASH EQUILIBRIUM
NEGATIVE SHOCK
NEW ENTRANTS
PERFECT COMPETITION
POLITICAL ECONOMY
PRODUCTIVITY
PURE DEBT
RAILROAD SECURITIES
RETURN
RETURNS
SECONDARY MARKET
SELF-FINANCE
SHAREHOLDERS
STOCK EXCHANGE
STOCK EXCHANGES
STOCKS
SURPLUS
TRADE POLICIES
WEALTH
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100203233222
http://hdl.handle.net/10986/3701

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100203233222
http://hdl.handle.net/10986/3701

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