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A literature has developed to substantiate Rosenstein-Rodan's intuition that coordination of a critical mass of investments may induce industrialization through a `big push.' This literature has essentially ignored the question of what economic institutions may overcome the coordination failures which give rise to an `underdevelopment trap.' In this paper we propose that banks may act as a `cat...
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ژورنال
عنوان ژورنال: Journal of Financial Intermediation
سال: 2002
ISSN: 1042-9573
DOI: 10.1006/jfin.2002.0346