Renewable Energy Financing with a Sustainable Financial System Following the 2008 Financial Crisis in Developing Countries (original) (raw)

Contributions to Economics, 2017

Abstract

Unusual financial market conditions have affected the flow of capital and debt investment into renewable energy projects all over the world as a result of the 2008 financial crisis. The crisis collapsed trade and financial systems, decreased the movement of capital flows, and caused lower growth and inflation as well as tighter credit, lower profitability, and declining demand. The crisis spilled over from advanced economies to emerging and developing countries and the financial system in the world has deteriorated after the crisis.

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