Illiquidity and Interest Rate Policy
收藏NBER2009-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15197
下载链接
链接失效反馈官方服务：
资源简介：
The cheapest way for banks to finance long term illiquid projects is typically to borrow short term from households. But when household needs for funds are high, interest rates will rise sharply, debtors will have to shut down illiquid projects, and in extremis, will face more damaging runs.
提供机构：
美国国家经济研究局创建时间：
2009-07-01
