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Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
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We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit … (SOEs) over non-SOEs in credit access. Infrastructure investment driven by nonmonetary factors, however, enhanced the … monetary transmission to bank credit allocated to local government financing vehicles in infrastructure and at the same time …
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