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Magical Tome

Placeholder cover for Financial liberalization and financing constraints
First published
2000
Publisher
World Bank, Financial Sector Strategy and Policy Dept.

Financial liberalization and financing constraints

The outer archives are busy

by Luc Laeven

About this book

Financial liberalization reduces imperfections in financial markets by reducing the agency costs of financial leverage. Small firms gain most from liberalization, because the favoritism of preferential credit directed to large firms tends to disappear under liberalization.

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