Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Kapicka, Marek 

Working Paper
Argentina’s “Missing Capital” Puzzle and Limited Commitment Constraints

Capital accumulation in Argentina was slow in the 1990s, despite high total factor productivity (TFP) growth and low international interest rates. A possible explanation for the ?missing capital? is that foreign investors were reluctant to take advantage of the high returns to investment seemingly offered by that small open economy under such favorable conditions, on the grounds that previous historical developments had led them to perceive Argentina as a country prone to external debt ?opportunistic defaults.? The paper examines this conjecture from the perspective of an optimal contract ...
Working Papers , Paper 1815

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

F34 1 items

F41 1 items

F42 1 items

F43 1 items

O19 1 items

O54 1 items

show more (1)

FILTER BY Keywords

PREVIOUS / NEXT