The Financial Accelerator and the Flight to Quality
收藏NBER1994-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4789
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资源简介：
Adverse shocks to the economy may be amplified by worsening credit-market conditions-- the financial 'accelerator'. Theoretically, we interpret the financial accelerator as resulting from endogenous changes over the business cycle in the agency costs of lending. An implication of the theory is that,
提供机构：
美国国家经济研究局
创建时间：
1994-07-01
