Risks to Lenders and Borrowers in International Capital Markets
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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,
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美国国家经济研究局创建时间：
1999-01-01
