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Publications & Research :: Working Paper
World Bank, Washington, DC
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Working Paper
World Bank, Washington, DC
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IMF Working Papers
2010
INTERNATIONAL MONETARY FUND

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 to rely on self-financing, so that when business opportunities open up ...

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1
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IMF Working Papers
2010
INTERNATIONAL MONETARY FUND

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 to rely on self-financing, so that when business opportunities open up ...

0
0
0
0
IMF Working Papers
2010
INTERNATIONAL MONETARY FUND

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 to rely on self-financing, so that when business opportunities open up ...

0
2
0
0