Book of Donmon Teith

Credit market imperfections provide the key to understanding many important issues in business cycles, growth and development, and international economics. Rece

The credit market imperfections have important consequences for aggregate cycles, especially for developing countries. The research on the relationship between

This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approac

This paper studies the effects that the inability of individuals to borrow against future income has on economic growth. The model assumes that human capital, w