Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
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This paper analyzes the implication of inefficient financial intermediation for crisis management in a country where firms are highly-indebted. The analysis is based on a model in which firms rely on bank credit to finance their working capital needs and lenders face high state verification and
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美国国家经济研究局创建时间：
1999-12-01
