کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
983560 | 1480472 | 2008 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Loans, risks, and growth
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
In Paraguay, banks are the center of the financial sector and provide the main source of external financing for corporations and small companies. Therefore, their behavior as credit providers has important effects on business investments. This paper presents a model that illustrates this fact and explains how it can be applied to any less-developed economy with a similar financial sector. In this model, the financial sector (bank loans) affects the long-run growth of the economy through the changes in the probability of loans repayment and other risks. In addition it is shown that governments have an important double role in the financial sector, providing adequate regulation and reducing specific identified market failures.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 48, Issue 2, May 2008, Pages 307-319
Journal: The Quarterly Review of Economics and Finance - Volume 48, Issue 2, May 2008, Pages 307-319
نویسندگان
José AnÃbal Insfrán Pelozo,