Macroeconomic implications of financial imperfections: a survey

Macroeconomic implications of financial imperfections: a survey

Macroeconomic implications of financial imperfections: a survey

BIS Working Papers | No 677 | 21 November 2017by Stijn Claessens and M Ayhan KosePDF full text (1,293kb) | 124 pagesSummaryFocusOver the last decade, recognition has grown that developments in the financial sector can have a significant impact on the real economy, not just the other way around.

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