The Information View of Financial Crises
收藏NBER2019-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26074
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资源简介：
Short-term debt that can serve as a medium of exchange is designed to be information insensitive. No one should be tempted to acquire private information to gain an informational advantage in trading that could destabilize the value of the debt. Short-term debt minimizes the incentive to acquire
提供机构：
美国国家经济研究局
创建时间：
2019-07-01
