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Bailout and Conglomeration1

Bailout and Conglomeration1 »

Source: Bailout and Conglomeration

Volume/Issue: 1999/108

Series: IMF Working Papers

Author(s): Se-Jik Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1999

ISBN: 9781451853087

Keywords: bailout, liquidation, conglomerates, entrepreneur, entrepreneurs, entrepreneurship, individual entrepreneurs

The paper suggests that when firms differ stochastically in their productivity, a bank may find it optimal not to bail out the failed nonconglomerate firms at all, but to bail out conglomerates fully. Expectation o...

Costly Collateral and the Public Supply of Liquidity

Costly Collateral and the Public Supply of Liquidity »

Source: Costly Collateral and the Public Supply of Liquidity

Volume/Issue: 2000/125

Series: IMF Working Papers

Author(s): Philip Schellekens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451854817

Keywords: Debt Finance, Collateral, Credit Constraints, Asset Price Volatility, entrepreneur, entrepreneurs

This paper addresses two complications arising from the use of collateral requirements in debt contracts between wealth-constrained entrepreneurs and banks. First, costly asset liquidation is found to enhance the s...

Explaining Economic Growth with Imperfect Credit Markets1

Explaining Economic Growth with Imperfect Credit Markets1 »

Source: Explaining Economic Growth with Imperfect Credit Markets

Volume/Issue: 2000/193

Series: IMF Working Papers

Author(s): Luis Carranza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2000

ISBN: 9781451859805

Keywords: growth, market imperfections, entrepreneurs, entrepreneur, advanced technology, per capita income

The purpose of this paper is to explain the humped-shaped behavior of the growth rate. Within a dynamic general equilibrium framework, it is found that, in the early stages of development, the source of growth is t...

Skill Acquisition and Firm Creation in Transition Economies1

Skill Acquisition and Firm Creation in Transition Economies1 »

Source: Skill Acquisition and Firm Creation in Transition Economies

Volume/Issue: 1999/130

Series: IMF Working Papers

Author(s): Wenli Li , Zuzana Brixiova , and Tarik Yousef

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

ISBN: 9781451855173

Keywords: Skill acquisition, firm creation, transition, entrepreneurs, skilled workers, entrepreneur, labor force, labor market

The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability o...

Institutions, innovations, and Growth

Institutions, innovations, and Growth »

Source: Institutions, innovations, and Growth

Volume/Issue: 1999/34

Series: IMF Working Papers

Author(s): Chenggang Xu , and Haizhou Huang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1999

ISBN: 9781451845242

Keywords: Financial, Institutions, Technological, Innovations, Economic, Growth, r &;amp; d, entrepreneur, r &;amp; d projects, entrepreneurs

The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This pa...

Bailout and Conglomeration

Bailout and Conglomeration »

Volume/Issue: 1999/108

Series: IMF Working Papers

Author(s): Se-Jik Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1999

DOI: http://dx.doi.org/10.5089/9781451853087.001

ISBN: 9781451853087

Keywords: bailout, liquidation, conglomerates, entrepreneur, entrepreneurs, entrepreneurship, individual entrepreneurs

The paper suggests that when firms differ stochastically in their productivity, a bank may find it optimal not to bail out the failed nonconglomerate firms at all, but to bail out conglomerates fully. Expectation o...

Intangible Capital, Relative Asset Shortages and Bubbles

Intangible Capital, Relative Asset Shortages and Bubbles »

Source: Intangible Capital, Relative Asset Shortages and Bubbles

Volume/Issue: 2011/271

Series: IMF Working Papers

Author(s): Stefano Giglio , and Tiago Severo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463925260

Keywords: Rational Bubbles, Financial Constraints, Dynamic Inefficiency, entrepreneurs, entrepreneur, technological progress, Financial Markets and the Macroeconomy, Economic Growth and Aggregate Productivity: General,

We analyze an overlapping generations economy with financial frictions and accumulation of both physical and intangible capital. The key difference between them is that intangible capital cannot be used as collater...

External Finance, Sudden Stops, and Financial Crisis

External Finance, Sudden Stops, and Financial Crisis »

Source: External Finance, Sudden Stops, and Financial Crisis : What is Different This Time?

Volume/Issue: 2010/158

Series: IMF Working Papers

Author(s): F. Gulcin Ozkan , and Filiz Unsal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201419

Keywords: entrepreneurs, domestic economy, entrepreneur, open economy, domestic goods, And The Supply Of Money And Credit, international Finance, macroeconomic Aspects Of International Trade And Finance,

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the...

And Schumpeter Said, "This is How Thou Shalt Grow"

And Schumpeter Said, "This is How Thou Shalt Grow" »

Source: And Schumpeter Said, "This is How Thou Shalt Grow" : Further Quest for Economic Growth in Poor Countries

Volume/Issue: 2004/40

Series: IMF Working Papers

Author(s): Philippe Beaugrand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846003

Keywords: Growth, Innovation, Entrepreneurship, Schumpeter, J.A., economic growth, entrepreneurs, per capita income, J.A,

The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF’s W...

Growth and Capital Flows with Risky Entrepreneurship

Growth and Capital Flows with Risky Entrepreneurship »

Source: Growth and Capital Flows with Risky Entrepreneurship

Volume/Issue: 2010/37

Series: IMF Working Papers

Author(s): Damiano Sandri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962802

Keywords: Investment Risk, Saving, Financial Development, Growth, entrepreneurs, entrepreneurship, Mathematical Methods And Programming, Production, Employment, And Investment

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 i...