THE ROLE OF POLITICS IN FINANCIAL CRISES IN EMERGING MARKETS
In this paper, we embed the key political mechanisms, specific to developing countries, into a political-economic model of financial crises. In this setup, financial market failures allow opportune government intervention to restore optimal allocation of resources. However, bad public policies could...
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| Format: | Article |
| Language: | English |
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Universidad Privada Boliviana
2019-01-01
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| Series: | Investigación & Desarrollo |
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| Online Access: | http://www.upb.edu/revista-investigacion-desarrollo/index.php/id/article/view/178 |