The Long and Short of Financial Development
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https://www.nber.org/papers/w33416
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资源简介：
By improving the pledgeability of returns to financiers, financial development enhances a producers ability to raise capital to fund long term complex investments. Consequently, it should increase output and welfare. However, a general equilibrium analysis suggests this is not always so. We consider
提供机构：
美国国家经济研究局
创建时间：
2025-02-01
