Format:
1 Online-Ressource (20, [3] Seiten)
,
ill
,
28 cm
Edition:
Online-Ausg Also available in print
Series Statement:
Policy research working paper 2185
Content:
In a country where financial intermediation is highly inefficient (with the enforcement costs of loan contracts very high, for example), or in one experiencing great volatility and large adverse shocks in output, the likelihood of an inefficient equilibrium is great. In East Asia it may be in the interests of both debtors and creditors to collectively reduce the face value of debt, to reduce inefficiencies in the financial sector
Note:
"September 1999
,
Cover title
,
Includes bibliographical references (p. 19-20)
Additional Edition:
Agénor, Pierre-Richard Financial sector inefficiencies and coordination failures
Language:
English
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(Deutschlandweit zugänglich)
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