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Debt Sustainability and Intertemporal Budget Constraints: Development Traps in Belt and Road Financing

BRI loans test intertemporal budget constraints, risking debt traps when growth and tradable returns fall short....
4 min read
Investment
Definitions

Investment

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Investment – definition

Investment is the value of fixed capital assets (plus stocks) produced in an economy over a period of time – investment refers to the creation of  capital goods. Investment spending is an injection into the circular flow of income.

Investment as an injection


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Credit Rationing and Information Asymmetry: The Economics Behind Online Micro-Loans

Credit rationing and asymmetric info explain why high-risk micro-loans exist and carry high rates....
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