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150128 ||| eng |
| 020 |
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|a 9781484303085
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| 100 |
1 |
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|a Herrala, Risto
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| 245 |
0 |
0 |
|a Credit Constraints, Political Instability, and Capital Accumulation
|c Risto Herrala, Rima Turk
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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| 300 |
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|a 26 pages
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| 651 |
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4 |
|a Saudi Arabia
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| 653 |
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|a Other Economic Systems: Political Economy
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| 653 |
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|a Interest rates
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| 653 |
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|a Credit
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| 653 |
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|a Legal Institutions
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| 653 |
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|a Finance
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| 653 |
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|a Fixed Investment and Inventory Studies
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| 653 |
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|a Financial services
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| 653 |
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|a Saving and Capital Investment
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| 653 |
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|a Intangible Capital
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| 653 |
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|a Economic Development: Financial Markets
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| 653 |
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|a National accounts
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| 653 |
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|a Money
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Capacity
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| 653 |
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|a Capital
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| 653 |
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|a Property Rights
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| 653 |
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|a Capital accumulation
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Investment
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| 653 |
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|a Pension Funds
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| 653 |
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|a Stocks
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| 653 |
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|a Capital Budgeting
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a Real interest rates
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Credit ceilings
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Saving and investment
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Investments: General
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Investment & securities
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Corporate Finance and Governance
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| 700 |
1 |
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|a Turk, Rima
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484303085.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2013/246/001.2013.issue-246-en.xml?cid=41134-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore’s (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical findings point to a large and significant effect of credit conditions on capital accumulation and suggest that continued political unrest worsens credit constraints. The results support the view that financial development measured by a relaxing of financial constraints is key to macroeconomic development
|