Hidden Bibliographic Details
| Other authors / contributors: | Yuen, Chi-Wa, 1960-
IMF Institute.
International Monetary Fund.
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| ISBN: | 1281601276
9781281601278
1451893345
9781451893342
1462357105
9781462357109
1452738173
9781452738178
9786613781963
6613781967
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| Notes: | Includes bibliographical references (pages 20-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects, which have been widely regarded as an important determinant of financial crises. We derive a link between the value of the firm and the social welfare and we find that the value of the firm can be greater with than without the constraint. Our model also sheds light on how the effects of productivity shocks and bubbles may be amplified by the financing constraint.
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| Other form: | Print version: Xie, Danyang, 1964- Dynamic general equilibrium framework of investment with financing constraint. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451893342.001
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