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Agency Costs in the Process of Development

Author

Listed:
  • Acemoglu, D.
  • Zilibotti, F.

Abstract

We analyse an economy where production is subject to moral hazard.

Suggested Citation

  • Acemoglu, D. & Zilibotti, F., 1996. "Agency Costs in the Process of Development," Working papers 96-8, Massachusetts Institute of Technology (MIT), Department of Economics.
    • Handle: RePEc:mit:worpap:96-8
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    Cited by:

    1. Sussman, Oren, 1999. "Economic growth with standardized contracts," European Economic Review, Elsevier, vol. 43(9), pages 1797-1818, October.
    2. Mishkin, F.S., 1998. "International Experiences with Different Monetary Policy Regimes," Papers 648, Stockholm - International Economic Studies.
    3. Jean-Paul Pollin & Anne-Gaël Vaubourg, 1998. "L'architecture optimale des systèmes financiers dans les pays émergents," Revue Économique, Programme National Persée, vol. 49(1), pages 223-238.
    4. Lindbeck, Assar, 1998. "Swedish Lessons for Post-Socialist Countries," Working Paper Series 498, Research Institute of Industrial Economics.
    5. Tressel, Thierry, 2003. "Dual Financial Systems and Inequalities in Economic Development," Journal of Economic Growth, Springer, vol. 8(2), pages 223-257, June.
    6. Acemoglu, Daron & Zilibotti, Fabrizio, 1997. "Setting Standards: Information Accumulation in Development," CEPR Discussion Papers 1641, C.E.P.R. Discussion Papers.
    7. de Aghion, Beatriz Armendariz, 1999. "Development banking," Journal of Development Economics, Elsevier, vol. 58(1), pages 83-100, February.
    8. Chengze Simon Fan & Herschel I. Grossman, 2001. "Incentives and corruption in chinese economic reform," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 4(3), pages 195-206.
    9. Nazmi, Nader, 2005. "Deregulation, financial deepening and economic growth: The case of Latin America," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 447-459, May.
    10. Taylor, John B., 1999. "The robustness and efficiency of monetary policy rules as guidelines for interest rate setting by the European central bank," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 655-679, June.

    More about this item

    Keywords

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    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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