The Information View of Financial Crises
收藏NBER2019-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26074
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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
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美国国家经济研究局创建时间：
2019-07-01
