The Decline of Secured Debt
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下载链接：
https://www.nber.org/papers/w26637
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资源简介：
The share of secured debt issued (as a fraction of total corporate debt) declined steadily in the United States over the twentieth century. This stems partly from financial development giving creditors greater confidence that high quality borrowers will respect their claims even if creditors do not
提供机构：
美国国家经济研究局
创建时间：
2020-01-01
