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Japan; Financial Sector Assessment Programâ€”Technical Note on Credit Intermediation

International Monetary Fund (IMF); International … - 2012

This paper is an analysis of Japanâ€™s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The stateâ€™s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...

Persistent link: https://www.econbiz.de/10011244991

Show Me the Money; Access to Finance for Small Borrowers in Canada

Klyuev, Vladimir - International Monetary Fund (IMF) - 2008

This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing … SMEs. The paper also finds the market for housing finance to be highly advanced and sophisticated. However, non …

Persistent link: https://www.econbiz.de/10005769089

Republic of Korea; Selected Issues

International Monetary Fund (IMF); International … - 2010

the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global … households and SMEs for the rebalancing process. The last section concludes with policy recommendations. …

Persistent link: https://www.econbiz.de/10011243587

And Schumpeter Said, "This is How Thou Shalt Grow"; Further Quest for Economic Growth in Poor Countries

Beaugrand, Philippe - International Monetary Fund (IMF) - 2004

The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF’s World Economic Outlook on real growth and per capita GDP since 1970. The data show that the growth...

Persistent link: https://www.econbiz.de/10005825901

Growth and Capital Flows with Risky Entrepreneurship

Sandri, Damiano - International Monetary Fund (IMF) - 2010

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...

Persistent link: https://www.econbiz.de/10008519499

Explaining Economic Growth with Imperfect Credit Markets

Carranza, Luis - International Monetary Fund (IMF) - 2000

The purpose of this paper is to explain the humped-shaped behavior of the growth rate. Within a dynamic general equilibrium framework, it is found that, in the early stages of development, the source of growth is the reallocation of resources from sectors low-productivity sectors to...

Persistent link: https://www.econbiz.de/10005605049

Costly Collateral and the Public Supply of Liquidity

Schellekens, Philip - International Monetary Fund (IMF) - 2000

This paper addresses two complications arising from the use of collateral requirements in debt contracts between wealth-constrained entrepreneurs and banks. First, costly asset liquidation is found to enhance the susceptibility of debt finance to interest rate volatility. Second, aggregate...

Persistent link: https://www.econbiz.de/10005605375

Intangible Capital, Relative Asset Shortages and Bubbles

Giglio, Stefano; Severo, Tiago - International Monetary Fund (IMF) - 2011

We analyze an overlapping generations economy with financial frictions and accumulation of both physical and intangible capital. The key difference between them is that intangible capital cannot be used as collateral for borrowing. As intangibles become more important in production, financial...

Persistent link: https://www.econbiz.de/10009370542

Are Uniform Tariffs Optimal?

Amiti, Mary - International Monetary Fund (IMF) - 2004

This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...

Persistent link: https://www.econbiz.de/10005825855

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Klein, Nir - International Monetary Fund (IMF) - 2014

The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs … channel, finds evidence that countries with high prevalence of SMEs tended to recover more slowly from the global financial … negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

Persistent link: https://www.econbiz.de/10010790414