Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America
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Recent banking theory holds that durable firm-bank relationships are valuable to both parties. Using contract-specific loan records of a nineteenth-century U.S. bank, this paper shows that firms that form extended relationships with banks receive three principal benefits. First, firms with extended
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美国国家经济研究局创建时间：
2001-12-01
