Managing Credit Bubbles
收藏NBER2014-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19960
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资源简介：
We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles, that is, expansions in credit that are backed not by
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
