Credit market imperfections and economic development: Theory and evidence

Credit Rationing in Markets with Imperfect Information.

1981 • 12,689 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Money and Capital in Economic Development.

1974 • 4,040 citations

Shaw, Edward S., Financial Deepening in Economic Development, New York, Oxford University Press, 1973, xii + 260 pp. ($7.50 cloth, $3.50 paper)

1974 • 3,275 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Incentive-Compatible Debt Contracts: The One-Period Problem

1985 • 1,888 citations

Good-bye financial repression, hello financial crash

1985 • 1,190 citations

Who is Credit Constrained in the U. S. Economy?

1990 • 820 citations

Money and capital in economic development

1974 • 785 citations

Costly monitoring, financial intermediation, and equilibrium credit rationing

1986 • 783 citations

Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

Financial Deepening in Economic Development.

1974 • 644 citations

Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing

1987 • 572 citations

World Development Report 1990

1990 • 549 citations

Some consequences of credit rationing in an endogenous growth model

1993 • 252 citations

Interest rate management in LDC's

1983 • 251 citations

World development report 1989

1989 • 230 citations

Equilibrium credit rationing of small farm agriculture

1988 • 224 citations

Financial repression, the new structuralists, and stabilization policy in semi-industrialized economies

1984 • 211 citations

Intermediation and the equilibrium allocation of investment capital

1992 • 191 citations

Capital Market Imperfections, International Credit Markets, and Nonconvergence

1997 • 180 citations

Financial Market Frictions, Monetary Policy, and Capital Accumulation in a Small Open Economy

1998 • 154 citations

How Good Are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment

1994 • 139 citations

Economic Effects of Federal Credit Programs

1991 • 123 citations

Economic stabilization in developing countries

1981 • 122 citations

Credit Rationing and Investment Behavior in a Developing Country

1983 • 105 citations

Economic Stabilization in Developing Countries

1983 • 79 citations

Credit Rationing and Government Loan Programs: A Welfare Analysis

1989 • 57 citations

On financial innovations and credit market evolution

1988 • 49 citations

Macro-economic effects of changes in bank interest rates

1985 • 44 citations

The new structuralist critique of the monetarist theory of inflation

1987 • 39 citations

Some Aspects of Interest Rate Policies in Less Developed Economies: The Experience of Selected Asian Countries (Quelques aspects des politiques de taux d'interet dans les economies moins developpees: l'experience de certains pays asiatiques) (Algunos aspectos de la politica del tipo de interes en economias menos desarrolladas: la experiensia de paises asiaticos seleccionados)

1971 • 35 citations

Capital Market Imperfections, International Credit Markets, and Nonconvergence

1995 • 14 citations

Anatomy of financial retardation in a less developed country: The case of Sri Lanka, 1951–1976

1982 • 13 citations

Capital Market Imperfections in a Monetary Growth Model

1994 • 10 citations

National and international aspects of financial policies in LDCs: A prologue

1982 • 10 citations

Credit Rationing and Capital Accumulation

1991 • 5 citations