Entrepreneurship and Financial Frictions: A Macro-Development Perspective

نویسندگان

  • Francisco J. Buera
  • Joseph P. Kaboski
  • Yongseok Shin
چکیده

We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis on the heterogeneous and dynamic micro-level implications of financial frictions for macro development.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective

Small and Medium Enterprises (SMEs) are reckoned as the main player in domestic economic activities. This paper tries to contribute to the development and understanding of SMEs by encompassing social entrepreneurship as an empowering instrument. Considering the latest thought for intellectual milieu, this paper discloses the buried interlocking principles for social entrepreneurship by Islamic ...

متن کامل

Development of Entrepreneurship Ecosystem

Entrepreneurship in the world, especially in Western developed countries, the much interest in recent years the concept of entrepreneurial ecosystems and integrating the separation of infrastructure services needed by entrepreneurs and governments innovative citizens, industrialists and entrepreneurs to create. a person apart from the idea of an entrepreneur, long way to run and deliver it to t...

متن کامل

Optimal Macro-Prudential and Monetary Policy∗

This paper addresses two main questions. First, it examines the implications of financial frictions, embedded in a New Keynesian DSGE model with a banking sector, for the conduct of welfare-optimal monetary policy. Assuming only one monetary instrument, we analyse how financial frictions affect the gains from commitment and how different are the optimized simple rules with and without financial...

متن کامل

Development of Entrepreneurship Ecosystem

Entrepreneurship in the world, especially in Western developed countries, the much interest in recent years the concept of entrepreneurial ecosystems and integrating the separation of infrastructure services needed by entrepreneurs and governments innovative citizens, industrialists and entrepreneurs to create. a person apart from the idea of an entrepreneur, long way to run and deliver it to t...

متن کامل

Monetary and Macro-prudential Policies: An Integrated Analysis

This paper studies the interaction between monetary and macro-prudential policies in a simple model with both nominal and financial frictions. The nominal friction gives rise to a conventional monetary policy objective emphasized in the New Keynesian literature. The financial friction, in the form of an occasionally binding collateral constraint, gives rise to a financial stability objective. ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2015