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GA: General Assembly - Prize Ceremony - Keynote Speech
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Session Abstract | ||
EFA General AssemblyThe EFA 2024 General Assembly will be chaired by EFA President, Albert J. Menkveld. Prize CeremonyDuring the Prize Ceremony, the following recognition will be awarded:
Keynote AddressProfessor Douglas W. Diamond will be the Keynote Speaker at the EFA 51st Annual Meeting. The Long and Short of Financial Development: Pledgeability and the Production of Financial Assets Short-term investment is intrinsically less productive than long, but its returns may be more pledgeable to outside investors, reducing the ability to fund long-term projects in economies with limited financial development. Financial development that improves pledgeability has surprising effects on investment in short-term and long-term real and financial assets and the return to producing financial assets. |