Credit Market Imperfections in Middle Income Countries
| Author | : Aaron Tornell |
| Publisher | : |
| Total Pages | : 46 |
| Release | : 2003 |
| ISBN-10 | : UCSD:31822032505711 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Credit Market Imperfections in Middle Income Countries by : Aaron Tornell
Download or read book Credit Market Imperfections in Middle Income Countries written by Aaron Tornell and published by . This book was released on 2003 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we document three credit market imperfections prevalent in middle income countries that can help explain the boom-bust cycles as well as other macroeconomic patterns observed at higher frequencies across these countries. These imperfections are: the existence of financing constraints that affect mainly the nontradables sector, currency mismatch and systemic bailout guarantees.
