Bank Credit Cycles
收藏NBER2005-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11363
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资源简介：
Private information about prospective borrowers produced by a bank can affect rival lenders due to a "winner's curse" effect. Strategic interaction between banks with respect to the intensity of costly information production results in endogenous credit cycles, periodic "credit crunches." Empirical
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美国国家经济研究局创建时间：
2005-05-01
