Resolving the Puzzle of the Underissuance of National Bank Notes
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下载链接：
https://www.nber.org/papers/w10951
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资源简介：
The puzzle of underissuance of national bank notes disappears when one disaggregates data, takes account of regulatory limits, and considers differences in opportunity costs. Banks with poor lending opportunities maximized their issuance. Other banks chose to limit issuance. Redemption costs do not
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
