Investment by Large Firms in Argentina
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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.
Series:
Working Paper No. 2010/003
Subject:
Currencies Financial institutions Financial services Financial statements Foreign exchange Money Public financial management (PFM) Real exchange rates Real interest rates Stocks
English
Publication Date:
January 1, 2010
ISBN/ISSN:
9781451961690/1018-5941
Stock No:
WPIEA2010003
Pages:
33
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