This paper examines investment decisions in an economy with two financial markets: an official market, which is subject to rationing due to an interest rate ceiling, and an unrestricted market, with a higher interest rate. In this context, the long-run equilibrium aggregate capital stock is...

This paper uses primary data collected from the Central Bank reports to examine the influence of financial sector policies on the average productivity of capital in five South East Asian economies. The data include measures of `repressionist' policies encompassing interest rate controls,...

Changes in public policy and corporate strategy have enhanced the role of contracts as mechanisms of economic governance. The understanding that norms, standards and other forms of regulatory mechanism can affect the structure of incentives and the quality of contractual outcomes has helped to...