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Risks to Lenders and Borrowers in International Capital Markets

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NBER1999-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w6886
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This paper provides a framework for understanding the risks to borrowers and lenders in capital markets. We begin with a description of a capital markets in a domestic context. This allows us to focus on two key imperfections which lie at the heart of all financial systems: imperfect information,
提供机构:
美国国家经济研究局
创建时间:
1999-01-01
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