Investment by Large Firms in Argentina

January 1, 2010

Preview Citation

Format: Chicago

Alvaro Piris Chavarri. Investment by Large Firms in Argentina, (USA: International Monetary Fund, 2010) accessed November 21, 2024

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

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.

Subject: Currencies, Financial institutions, Financial services, Financial statements, Foreign exchange, Money, Public financial management (PFM), Real exchange rates, Real interest rates, Stocks

Keywords: Africa, Argentina, Cash flow, Central Africa, Cost of capital, Currencies, East Africa, Europe, Financial statements, Firm level, Firms variable, Interest rate, Investment, Investment decision, Middle East, Real exchange rates, Real interest rates, Stocks, WP

Publication Details

Pages:

33
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 2010/003
Stock No:

WPIEA2010003
ISBN:

9781451961690
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers