Series: IMF Working Papers
Author(s): Risto Herrala , and Rima Turk Ariss
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 December 2013
Keywords: credit constraints, political unrest, MENA countries, equity capital, real interest rate, equity ratio, capital goods, General,
We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore's (1997) theoretical framework. Drawing on a un...