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Inadequacy of Nation-Based and VaR-Based Safety Nets in the European Union

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NBER2006-04-01 更新2025-01-04 收录
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Considered as a social contract, a financial safety net imposes duties and confers rights on different sectors of the economy. Within a nation, elements of incompleteness inherent in this contract generate principal-agent conflicts that are mitigated by formal agreements, norms, laws, and the

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2006-04-01
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