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Financial frictions, financial market development, and macroeconomic development
This paper reviews the state of knowledge on the impact of financial frictions and financial underdevelopment on firms. The focus is on their aggregate and distributional consequences for the macro...
期刊介绍：
Oxford Development Studies is a multidisciplinary academic journal aimed at the student, research and policy-making community, which provides a forum for rigorous and critical analysis of conventional theories and policy issues in all aspects of development, and aims to contribute to new approaches. It covers a number of disciplines related to development, including economics, history, politics, anthropology and sociology, and will publish quantitative papers as well as surveys of literature.
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