Financing Development: The Role of Information Costs
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13104
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资源简介：
How does technological progress in financial intermediation affect the economy? To address this question a costly-state verification framework is embedded into a standard growth model. In particular, financial intermediaries can invest resources to monitor the returns earned by firms. The inability
提供机构：
美国国家经济研究局
创建时间：
2007-05-01
