Showing 1 - 10 of 34,383
Persistent link: https://www.econbiz.de/10002519278
Persistent link: https://www.econbiz.de/10001461719
credit enforcement is prohibitively costly. The theory helps to explain how the three observed phenomena of output decline …
Persistent link: https://www.econbiz.de/10001536761
credit enforcement is prohibitively costly. The theory helps to explain how the three observed phenomena of output decline …
Persistent link: https://www.econbiz.de/10013321384
Persistent link: https://www.econbiz.de/10013428297
Persistent link: https://www.econbiz.de/10013422874
Since the fall of communism, the former Soviet Union experienced a strong output decline and a dramatic increase in arrears and barter. We develop a model which explains how these three phenomena are connected. We introduce liquidity and credit constraints into a model of disorganization and...
Persistent link: https://www.econbiz.de/10014066152
Persistent link: https://www.econbiz.de/10001593688
Persistent link: https://www.econbiz.de/10011557070