Collateral Crises
收藏NBER2012-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w17771
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资源简介:
Short-term collateralized debt, such as demand deposits and money market instruments - private money, is efficient if agents are willing to lend without producing costly information about the collateral backing the debt. When the economy relies on such informationally-insensitive debt, firms with
提供机构:
美国国家经济研究局
创建时间:
2012-01-01



