The authors review the literature on term finance to place the research in context and discuss its implications for World Bank operations. Their project investigated whether industrial firms in developing countries suffer from a shortage of long-term credit and whether that shortage affects the firm's investment, productivity, and growth. Both issues are important in designing the World Bank's industrial lending policy because the development community...
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INFORMATION
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1997/04/30
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Document de travail de recherche sur les politiques
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WPS1746
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1
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1
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2010/07/01
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The role of long term finance : theory and evidence
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Finance & Private Sector Development
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