Anatomy of a Financial Crisis
收藏NBER1991-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3934
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资源简介：
This paper provides an asymmetric information framework for understanding the nature of financial crises. It provides the following precise definition of a financial crisis: A financial crisis is a disruption to financial markets in which adverse selection and moral hazard problems become much worse
提供机构：
美国国家经济研究局创建时间：
1991-12-01
