five

External Financing and Insurance Cycles

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NBER1995-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5229
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In this paper we explore the conjecture that the periodic episodes of high prices and constrained supply in the property- casualty industry are the result of temporary capital shortages. We do this by looking for increases in activities aimed at increasing capital at these times: dividend cuts,
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1995-08-01
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