Macroeconomic implications of financial imperfections : a survey / Stijn Claessens and M. Ayhan Kose.

This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect macroeconomic outcomes. The first channel, which operates through the demand side of finance and...

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Bibliographic Details

Online Access:	Full Text (via Open Knowledge Repository)
Main Authors:	Claessens, Stijn (Author), Kose, M. Ayhan (Author)
Format:	Electronic eBook
Language:	English
Published:	London : Centre for Economic Policy Research, 2017.
Series:	Discussion paper (Centre for Economic Policy Research (Great Britain)) ; no. 12461.
Subjects:	Finance, Personal > Economic aspects. Monetary policy > Economic aspects. Macroeconomics.