Corporate Debt Structure and the Financial Crisis
收藏NBER2014-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20730
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We present a DSGE model where firms optimally choose among alternative instruments of external finance. The model is used to explain the evolving composition of corporate debt during the financial crisis of 2008-09, namely the observed shift from bank finance to bond finance, at a time when the cost
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美国国家经济研究局创建时间：
2014-12-01
