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Author/Editor:
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Piris, Alvaro
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Publication Date:
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January 01, 2010
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Electronic Access:
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Free Full text
(PDF file size is 1,052KB).
Use the free
Adobe Acrobat Reader
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Strong growth in investment made a key contribution to the economic recovery in Argentina earlier this decade. The paper uses firm-level data to assess changes in financing constraints and the linkages between real investment at the firm level and macroeconomic developments in the real exchange rate and real interest rates. It concludes that several factors explain the performance of investment, including the real exchange rate, the cost of borrowing as well as an easing of financing constraints.
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Series:
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Working Paper No. 10/3
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Subject(s):
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Argentina | Bank credit | Capital | Corporate sector | Economic models | Economic recovery | Financial crisis | Fiscal policy | Interest rates | Investment | Real effective exchange rates
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Author's Keyword(s):
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Argentina | investment |
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English
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Publication Date:
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January 01, 2010
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Format:
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Paper
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Stock No:
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WPIEA2010003
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Pages:
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32
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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