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Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications

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NBER2000-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7764
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Short-term borrowing has often been blamed for precipitating financial crises. We argue that while the empirical association between a financial institution's, or country's, short-term borrowing and susceptibility to crises may, in fact, exist, the direction of causality is often precisely the
提供机构:
美国国家经济研究局
创建时间:
2000-06-01
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