Overborrowing, Financial Crises and 'Macro-prudential' Taxes
收藏NBER2010-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w16091
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资源简介:
An equilibrium model of financial crises driven by Irving Fisher's financial amplification mechanism features a pecuniary externality, because private agents do not internalize how the price of assets used for collateral respond to collective borrowing decisions, particularly when binding collateral
提供机构:
美国国家经济研究局
创建时间:
2010-06-01



