Evidence for Relational Contracts in Sovereign Bank Lending
收藏NBER2014-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20391
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资源简介：
This paper presents direct evidence for relational contracts in sovereign bank lending. Unlike the existing empirical literature, its instrumental variables method allows for distinguishing a direct influence of past repayment problems on current spreads (a "punishment" effect in prices) from an
提供机构：
美国国家经济研究局
创建时间：
2014-08-01
