TY  - BOOK
AU  - Agenor,Pierre-Richard
AU  - Aizenman,Joshua
ED  - World Bank Institute.
TI  - Financial sector inefficiencies and coordination failures: implications for crisis management 
T2  - Policy research working paper
AV  - HG3881.5.W57 P63 no. 2185
PY  - 1999///]
CY  - Washington, DC
PB  - World Bank, World Bank Institute, Economic Policy and Poverty Reduction
KW  - Debt relief
KW  - East Asia
KW  - Intermediation (Finance)
KW  - Debt
N1  - "September 1999."; Cover title; Includes bibliographical references (p. 19-20); Also available in print
N2  - In a country where financial intermediation is highly inefficient (with the enforcement costs of loan contracts very high, for example), or in one experiencing great volatility and large adverse shocks in output, the likelihood of an inefficient equilibrium is great. In East Asia it may be in the interests of both debtors and creditors to collectively reduce the face value of debt, to reduce inefficiencies in the financial sector
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-2185
ER  -