A credit market in early stages of economic development

DOI10.1016/J.ECONLET.2011.03.011MaRDI QIDQ553872zbMATH OpenOpenAlexFDO

Authors Hideki Nakamura, Tetsuya Nakajima

Publication date 28 July 2011

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.03.011

zbMATH Keywords

credit marketearly stages of economic developmentpoorrelatively rich

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Welfare economics (91B15)

Recommendations

• Credit constraints and the process of development
• Money, markets, and dynamic credit
• Financial markets in development, and the development of financial markets
• The nature of credit-market failure
• The nature of credit-market failure
• Indeterminacy in credit economies
• Consumption and the credit market
• Credit and risk in rural developing economies
• Development banking under weak institutions and imperfect credit markets
• Incomplete credit markets and monetary policy

Cites work

• A Theory of Trickle-Down Growth and Development
• From Physical to Human Capital Accumulation: Inequality and the Process of Development
• Income Distribution and Macroeconomics
• Income distribution and macroeconomics: The persistence of inequality in a convex technology framework

Cited in

(2)

• A mechanism for thawing the credit markets
• Development banking under weak institutions and imperfect credit markets

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