Financial Intermediary Capital
收藏NBER2017-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23302
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资源简介：
We propose a dynamic theory of financial intermediaries that are better able to collateralize claims than households, that is, have a collateralization advantage. Intermediaries require capital as they can borrow against their loans only to the extent that households themselves can collateralize the
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美国国家经济研究局创建时间：
2017-04-01
