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- W3123281133 abstract "The present paper examines the interaction between a bank and a development financial institution (DFIs) in a macroeconomic set-up both of whom can lend for working capital and investment finance purposes. Our analysis reveals that the reduction in the interest rate premium on bonds over the deposit rate is an important pre-requisite for the DFI to raise its market share in both investment finance and working capital lending. Also, greater corporate access to bond financing raises investment, output and the bond rate of interest." @default.
- W3123281133 created "2021-02-01" @default.
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- W3123281133 date "2004-06-29" @default.
- W3123281133 modified "2023-09-26" @default.
- W3123281133 title "Banks, Development Financial Institutions and Credit Markets in India: A Model of Financial Intermediation" @default.
- W3123281133 hasPublicationYear "2004" @default.
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