A Model of Capital and Crises
收藏数据链接：
官方服务：
资源简介：
We develop a model in which the capital of the intermediary sector plays a critical role in determining asset prices. The model is cast within a dynamic general equilibrium economy, and the role for intermediation is derived endogenously based on optimal contracting considerations. Low intermediary
提供机构：
美国国家经济研究局创建时间：
2008-09-01
